Intro to Economics
Authored by Brad Smallwood
Social Studies
9th - 12th Grade
Used 34+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
33 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is scarcity?
Giving something up to have something else
Extra cost of production
The condition that results form having unlimited wants with limited resources
Rise in general level of prices and workers need more money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a natural resource?
Oil
Water
Car
Air
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decisions in the economy are based on buyer/seller choices
Command
Market
Mixed
Traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Combines public and private businesses
Command
Market
Mixed
Traditional
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When all aspects of the economy are determine by a central figure
Command
Market
Mixed
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when demand is bigger than supply?
Deflation
Surplus
Demand
Shortage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who buys goods and services
consumer
entrepreneur
resource
currency
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
