Intro to Econ

Intro to Econ

9th - 12th Grade

27 Qs

quiz-placeholder

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Intro to Econ

Intro to Econ

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

CCSS
RI.8.2, RL.11-12.2, RL.7.2

+2

Standards-aligned

Created by

Dallas Tucholski

Used 75+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is economics?

The study of money

The study of people and the choices they make

The study of governments and citizens

The study of the past

2.

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?

3.

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

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

"Gold" is an example of which factor of production?

Land
Labor
Capital
Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A mine worker is an example of which factor of production?

Land
Labor
Capital
Entrepreneurship

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the value of the next-best alternative when you make a trade-off?

Fruit snacks
Opportunity Cost
Scarcity
Second-Best

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Macroeconomics
Microeconomics

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