Intro to Econ

Intro to Econ

9th - 12th Grade

14 Qs

quiz-placeholder

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Intro to Econ

Intro to Econ

Assessment

Quiz

Other

9th - 12th Grade

Medium

Used 284+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is economics?
The study of money
The study of how people choose to use limited resources
The study of governments and citizens
The study of the past

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a characteristic of a scarce resource?
Scarce resources must be expensive
Scarce resources must be unlimited in quantity
Scarce resources must have only one use
Scarce resources must be desireable

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the difference between a renewable resource and a nonrenewable resource?
A renewable resource replenishes over time, while a nonrenewable resource does not
A nonrenewable resource replenishes over time, while a renewable resource does not
A renewable resource is natural, while a nonrenewable resource is not
A nonrenewable resource is natural, while a renewable resource is not

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT one of the three questions of economics?
What to produce?
How to produce?
For whom to produce?
When to produce?

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is scarcity?
The study of how people choose to use limited resources
The problem of unlimited wants and limited resources
The problem of limited wants and unlimited resources
The problem of having too few options

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

"Gold" is an example of which factor of production?
Land
Labor
Capital
Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A pickaxe is an example of which factor of production?
Land
Labor
Capital
Entrepreneurship

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