Economics Quiz
Authored by Donal Enright
Business
2nd Grade
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13 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the definition of economics?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the difference between our needs and wants. Illustrate in your answer.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss in detail the 4 Factors of Production.
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Identify one example of each of the four factors of production from above.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the three different types of economy and give an example for each.
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the 5 main economic indicators?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
What is meant by inflation? Give 3 causes of inflation.
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