
Economics Final Exam
Authored by Emma Dan
Social Studies
12th Grade
Used 3+ times

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42 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Not being able to have all you want due to limited resources
Scarcity
Economics
Traditional Economy
Factor Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Land, Labor, Capital, and Entreneaur
Product Market
Factors of Production
Adam Smith
Oppourtunity Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic system that has a great variety of goods and services.
Economic system that has a great variety of goods and services.
Economics
Factors of Production
Market Economy
Scarcity
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Market where factors of production are exchanged
Market where factors of production are exchanged
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Market where finished goods are sold
Market where finished goods are sold
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economy where government controls all productive resources
Economy where government controls all productive resources
Command Economy
Market Economy
Traditional Economy
Microeconomics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is given up when a choice is made
What is given up when a choice is made
Factor Market
Factors of Production
Oppourtunity Cost
Scarcity
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