
Economics Quiz #1
Authored by Celeste Jumrattie
Education
7th - 8th Grade
Used 1+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An item is considered to be scarce if it is
limited
expensive
accessible
cheap
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is considered a ............ science? Choose the answer to fill in the blanks.
interesting
astronomical
people
social
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the the branch of economics that deals with the economy as a whole?
Macroeconomics
Microeconomics
Consumption Economics
Financial Economics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Microeconomics is the study of how ....... household and firms makes decisions and interact with the markets. Select the missing word.
groups
macroeconomics
individual
large
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of how man allocates scarce resources to produce goods and services to satisfy consumers........wants and needs.
unlimited
rare
limited
desired
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of how man allocated scarce resources, which have alternative uses to produce goods and services. This is the ........ definition of economics. Select the missing word.
Social Science
Popular
Modern
Historical
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which study of economics deals with issues such as the price rises across the country?
Modern
Macroeconomics
Historical
Microeconomics
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