Which of these is TRUE about economics?
Macroeconomics: Topic 1.1

Quiz
•
Education
•
12th Grade
•
Easy
Brittney Phan
Used 5+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
15 mins • 1 pt
It's resources are classified into four categories called the Factors of Production.
It is concerned with concerned with how scarce resources are allocated among unlimited wants, needs, and desires.
It analyzes human behavior and decision-making.
It is the study of decisions only at the individual level.
2.
MULTIPLE SELECT QUESTION
15 mins • 1 pt
Which of these are the four factors of production?
Money, labor, capital, and entrepreneurship
Trade, labor, capital, and entrepreneurship
Land, labor, capital, and entrepreneurship
Trade, land, labor, and capital
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of these refers to natural resources?
Land
Labor
Capital
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of these refers to the workers?
Land
Labor
Capital
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of these refers to the things we used to make the other things?
Land
Labor
Capital
Entrepreneurship
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of these refers to the ability to figure out ways to solve problems using the other three factors of production?
Land
Labor
Capital
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Payment for land is called...
Profit
Rent
Interest
Wage
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
IB Business Management - Role of Operations Management

Quiz
•
11th Grade - University
20 questions
Module 1- Welding Safety 29101-15

Quiz
•
9th - 12th Grade
15 questions
Gala OCM MCQ

Quiz
•
12th Grade
20 questions
REVISION 3 : TOPIC 7, 8 & 9

Quiz
•
1st Grade - University
20 questions
Unit 3.4 Final Acc (IBDP)

Quiz
•
11th Grade - University
15 questions
Entrepreneurship 11

Quiz
•
12th Grade
15 questions
Food Culture

Quiz
•
12th Grade
12 questions
Classification of Share Capital - Topic 1

Quiz
•
KG - University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Education
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade