Social Studies M 1_Economics

Social Studies M 1_Economics

6th - 12th Grade

16 Qs

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Social Studies M 1_Economics

Social Studies M 1_Economics

Assessment

Quiz

Social Studies

6th - 12th Grade

Easy

Created by

shaz Pena

Used 4+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

He is known as the father of Economics.

William Smith

Adam Smith

Adam Edison

Thomas Edison

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The subject that studies the allocation of limited sources to satisfy the unlimited demand of mankind in the most beneficial way.

Economics

Economic

Macro-Economics

Micro-Economics

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The book written by Adam Smith.

Health is Wealth

The Wealth Man

The Economy

The Wealth of the Nation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A principle referring to a consumer’s desire to buy goods and services and willingness to pay a price

supply

purchase

demand

order

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A study in economics that deals with the decisions made by individual and business concerning the distribution of resources and prices of goods and services.

Mini-economics

Macroeconomics

Microeconomics

Economist

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A study in economics that deals with the behavior of not only a particular company or industries but whole economy.

macroeconomics

microeconomics

mini-economics

Economist

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

These are the raw materials, workers, equipment and organizers to produce scarce goods

scarce goods

scarcity

demand

scarce resources

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