Chapter 1 Sec 1-2 quiz

Chapter 1 Sec 1-2 quiz

9th - 12th Grade

17 Qs

quiz-placeholder

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Chapter 1 Sec 1-2 quiz

Chapter 1 Sec 1-2 quiz

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Easy

CCSS
RL.11-12.2, RL.9-10.2, RI.8.2

+5

Standards-aligned

Created by

Daniel Leritz

Used 4+ times

FREE Resource

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because we face scarcity, we must make _____________.

studies

money

profit

choices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Our inability to satisfy all our wants is called ___________.

profit

scarcity

surplus

wages

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) __________________ is a reward that encourages an action or a penalty that discourages an action.

fine

FOPs

incentive

human capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The work time and work effort that people devote to producing goods and services is __________.

labor

land

capital

rent

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tools, instruments, machines, buildings, and other constructions that businesses use to produce goods and services are _____________.

land

capital

entrepreneurship

labor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The human resource that organizes land, labor, and capital is _________________.

land

labor

capital

entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You make choices that are in your ___________—choices that you think are best for you.

social-interest

studies

efficiency

self-interest

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