Incentives are ______________
7 Principles of Economics

Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Victoria Faculty
Used 66+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an INCENTIVE?
Wages for labor at a construction job sit
Passing a certification exam as a job requirement
Buying a candy bar during break
A college receiving monetary bonuses for a high graduation rate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opportunity cost can be defined as:
The amount of money you paid for something
The HIGHEST valued alternative that you give up for a good (the next best thing)
The cost of giving up everything to obtain a good
The LOWEST valued alternative that you give up for a good (the bad decisions)
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Economic decision to use one more additional unit of a resource
Thinking at the Margin
Incentives Matter
Trade Makes People Better Off
Future Consequences Count
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I only have an hour of free time today. If I study, I can't see my friends.
Costs versus Benefits
Thinking at the margin
Incentives Matter
Future Consequences Count
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
WQ18: Scarcity & Opportunity Cost

Quiz
•
12th Grade
20 questions
Unit 1 Intro to Economics Test

Quiz
•
12th Grade
15 questions
Unit 1 Fundamentals

Quiz
•
12th Grade
20 questions
Thinking Like an Economist

Quiz
•
11th - 12th Grade
20 questions
Economic Principle Assessment

Quiz
•
12th Grade
19 questions
Economic & Constitutional Principles

Quiz
•
9th - 12th Grade
15 questions
Supply Quiz

Quiz
•
12th Grade
15 questions
1.2 Opportunity Cost and Trade-Offs Pearson Economics

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Social Studies
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade