Unit 1 Quiz Review
Authored by Laura Hartline
Social Studies
12th Grade
Used 12+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The driving force of economics is
Supply and Demand
Scarcity
Needs and Wants
Economic Systems
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Copper is which factor of production?
Land
Labor
Capital
Entrepreneur
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Employees being trained for their job during the first week of hiring is which factor of production?
Land
Labor
Capital
Entrepreneur
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
150 new programmers being hired by META is which factor of production?
Land
Labor
Capital
Entrepreneur
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Levi Strauss forms the first company to manufacture blue jeans.
Land
Labor
Capital
Entrepreneur
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tangible asset that assists in the production of goods considered
Physical capital
human capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An apartment to live in after college would be considered
Need
Want
Luxury
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