
Econ 1
Quiz
•
Social Studies
•
1st - 2nd Grade
•
Practice Problem
•
Medium
Used 4+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is about making choices.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity arises because all societies have
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of how
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A study that examines how price and output are determined in the market for breakfast cereal would involve
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The opportunity cost of a chosen item or activity is
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To decide whether to have dessert, you consider the extra time you would spend eating the dessert and the extra calories, both of which are part of the ___ of this decision.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A study of total consumption in the U.S. economy would involve
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