Economics Exam

Economics Exam

9th Grade

26 Qs

quiz-placeholder

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Economics Exam

Economics Exam

Assessment

Quiz

Life Skills

9th Grade

Medium

Created by

Anasia Napper

Used 4+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the study of how individuals and societies make choices under the condition of scarcity.

Economics

Global Studies

Ecology

Psychology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A __________ shows the maximum combinations of two goods that can be produced when all resources and the best technology is used.

production possibilities curve

supply and demand graph

trade-off

net value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are making a choice between four different alternatives. The opportunity cost of your choice is _______________ .

value of the next best alternative

summed value of all alternatives

value of chosen alternative

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ are benefits or costs of an action that influence people's decisions and behavior.

Incentives

Opportunity costs

Marginal Benefits

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the four factors of production?

Evaluate responses using AI:

OFF

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a _____ economy, the individuals and the government share in the economic decision-making process. These groups work togther to ensure economic development.

mixed

market

command

domestic

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In _________ economies, history, culture, and past actions determine the answers to the three economic questions.

traditional

mixed

command

market

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