social studies reviewer

social studies reviewer

9th Grade

65 Qs

quiz-placeholder

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social studies reviewer

social studies reviewer

Assessment

Quiz

Social Studies

9th Grade

Easy

Created by

casey n

Used 4+ times

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65 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

ability to produce a good using fewer inputs compared to another producer

comparative advantage

opportunity cost

absolute advantage

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

there is a move to a different point along the same demand curve caused only by a change in price

changes in demand

movement along the demand curve

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

comparing the productivity of one person/firm/nation to that of another

absolute advantage

opportunity cost

comparative advantage

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

whatever must be given up to obtain some item

absolute advantage

comparative advantage

opportunity cost

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

the ability to produce goods and services at a lower opportunity cost compared to another producer

absolute advantage

opportunity cost

comparative advantage

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

the producer who has a higher opportunity cost is said to have a comparative advantage

false

true

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

trade can make everyone better off since it allows people to specialize in those activities which they have a comparative advantage

true

false

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