Economics Quiz
Quiz
•
Other
•
KG - Professional Development
•
Easy
Julia Hansen
Used 16+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opposite of scarcity?
Limited Resources
Abundance
Shortage
An economic problem
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the demand for a product increases and supply remains high, producers typically increase the price of their goods.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks deposit money.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do banks make money?
Making loans, accepting deposits, apply interest on loans given
Apply interest on loans given, make loans, accept deposits
Accept deposits, make loans, apply interest on loans given
Accept deposits, apply interest on loans given, make loans
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of human capital?
Higher education
Health
Vacation
Abilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is human capital?
Human clothes and shoes
Human skills and knowledge
Human money
Human cars
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Producing is cheap in the United States so most sellers produce their products here.
True
False
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