Economics Unit 1 Test
Authored by Logan Genson
Social Studies
9th - 12th Grade
Used 12+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 2 pts
If a point is on the line, what does it represent?
Product inefficiency
Product efficiency
Product Growth
Production Quality
2.
OPEN ENDED QUESTION
2 mins • 2 pts
What does point A on this graph represent?
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3.
OPEN ENDED QUESTION
2 mins • 2 pts
What does point X on this graph mean?
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4.
OPEN ENDED QUESTION
2 mins • 2 pts
What are the THREE essential economic questions?
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5.
OPEN ENDED QUESTION
2 mins • 2 pts
A PPC that is a straight line represents what?
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OFF
6.
MULTIPLE SELECT QUESTION
2 mins • 2 pts
What is one of the two studies of economics?
Command Economy
Macroeconomics
Microeconomics
Mixed Economy
7.
MULTIPLE CHOICE QUESTION
2 mins • 2 pts
Which economic system is also known as a "free market economy?"
Command Economy
Capitalism
Mixed Economy
Microeconomics
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