Economics Unit 1 Quiz

Economics Unit 1 Quiz

9th - 12th Grade

20 Qs

quiz-placeholder

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Economics Unit 1 Quiz

Economics Unit 1 Quiz

Assessment

Quiz

Geography

9th - 12th Grade

Practice Problem

Medium

Created by

ANDREW LONG

Used 256+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of ______________

Money

How to get rich

Consequences and Punishments

Choices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is

Whatever you are giving up to do something.

The study of production, employment, prices, and policies on a nationwide scale

The tension caused by infinite wants and finite resources.

A set of external motivators that help people make choices.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost is

Whatever you are giving up to do something.

The study of production, employment, prices, and policies on a nationwide scale

The tension caused by infinite wants and finite resources.

A set of external motivators that help people make choices.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Incentives are ______________

A set of external motivators that help people make choices.

Whatever you are giving up to do something.

The tension caused by infinite wants and finite resources.

The study of production, employment, prices, and policies on a nationwide scale

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are the four types of resources? Choose all that apply?

Land

Labor

Capital

Entrepreneurship.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oil, water, and wood are examples of ______________ resources.

Land

Labor

Capital

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oprah Winfrey, Guy Fieri, and Steve Jobs are examples of ______________ resources.

Land

Labor

Capital

Entrepreneurship

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