Introduction to Economics Part 2

Introduction to Economics Part 2

6th Grade - University

10 Qs

quiz-placeholder

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Introduction to Economics Part 2

Introduction to Economics Part 2

Assessment

Quiz

Business, Other

6th Grade - University

Practice Problem

Medium

Created by

Kerwin Alexander

Used 20+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of good does not have a price

Free good

Economic good

Merit good

Demerit good

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT one of the fundamental economic question

What to produce

How to produce

When to produce

For whom to produce

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because ALL resources are limited – WE MUST MAKE _______

Buy items

Think twice

Make choices

Economize

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choices arise as a result of:

Unlimited resources

Limited wants

Scarcity

Economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is derived from a Greek word ‘Oikonomikos’ that means

Home management

Economy management

Country management

Scarcity

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Economics is:

The study of how we make decisions about using scarce resources

The study of the economy

The study of governments

The study of money and how it is used in the economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The inputs used in the production of goods and services

Products

Productivity

Resources

Data

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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

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