Intro to Economics

Intro to Economics

12th Grade

14 Qs

quiz-placeholder

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Intro to Economics

Intro to Economics

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Susan Gillette

Used 8+ times

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14 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is an opportunity cost for a student watching a video in class?

They are learning something

The music video they are not watching

They will get in trouble from their parents if they don't

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Economics is the study of.............

The study of money and how we coose to use it

The study of resources and who gets what

the study of people try to meet unlimited wants and needs with scarce resources.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The condition that results from society not having enough resources to produce all the things people need and want.

Scarcity

Resources

Needs

Wants

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A ______________ is what you need to survive, a __________ is something you would like to have but is not necessary to survive

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Categories of goods, check all that apply

durable

nondurable

need

consumer

want

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Economic services are not the same as economic goods.

true

false

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An economic product are goods and services that are useful, scarce and _________________ to others

have value

transferable

belong

satisfy

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