ECONOMICS PRACTICE QUIZ

ECONOMICS PRACTICE QUIZ

11th Grade

22 Qs

quiz-placeholder

Similar activities

Vocabularies - English Club

Vocabularies - English Club

10th Grade - Professional Development

20 Qs

Comparatives or superlatives (ending).

Comparatives or superlatives (ending).

7th - 11th Grade

21 Qs

Asesmen sumatif Bahasa Indonesia kls XII

Asesmen sumatif Bahasa Indonesia kls XII

11th Grade

20 Qs

BAB 3: PERALATAN PENYEDIAAN & PENYAJIAN MAKANAN

BAB 3: PERALATAN PENYEDIAAN & PENYAJIAN MAKANAN

11th Grade

20 Qs

COVID-19

COVID-19

6th Grade - Professional Development

20 Qs

REVISION 1 : TOPIC 1 & 2 [AA025]

REVISION 1 : TOPIC 1 & 2 [AA025]

1st Grade - University

20 Qs

Game Sunda

Game Sunda

7th - 12th Grade

20 Qs

Kuiz Kenali PSS Siri 1 (Pelajar)

Kuiz Kenali PSS Siri 1 (Pelajar)

7th - 12th Grade

20 Qs

ECONOMICS PRACTICE QUIZ

ECONOMICS PRACTICE QUIZ

Assessment

Quiz

Education

11th Grade

Practice Problem

Medium

Created by

Arushi Sinha

Used 35+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Scarcity causes economic problem. Which of the following statements is true about scarcity?

Scarcity is our inability to satisfy all of our wants.
Scarcity problem arises because our wants are greater than resources available.
The poor and the rich both face scarcity.
All of the above.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The night before an economics test, you decide to go to the movies instead of studying for the test. You get 50% for the test – not the 70% you normally score. What was the opportunity cost of your evening at the movies?

50%
70%
20%
Nil.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

  Which of the following statements is incorrect?

  The marginal cost of a good is the opportunity cost of producing one more unit of it.
As the opportunity cost of producing more goods increases, the marginal cost of producing the good decreases.
The marginal cost of a good or service is the change in cost resulting from producing one more unit of it.
The marginal benefit of a good or service is the change in benefit resulting from producing one more unit of it.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Macroeconomics theory studies determine the following EXCEPT;

The equilibrium income in an economy

Types and quantities of goods produced

The unemployment and inflation rate

International trade activities

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following means “individual could not meet all needs with limited resources"?

Scarcity

Choices

Scarcity

Desire

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which the following does NOT illustrate opportunity cost?

If I spent more on food, I must spend less on clothes.

If I buy computer, I could nit own on a 29” television.

If I study today, I must give up going to the football game.

If I buy book, I also can buy new shoes.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Microeconomics is concerned with _____________________.

the entire economics system.

specific units of the economics system.

the changes in the overall level of economic activities.

stimulating economic growth.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?