Economics Exam 1 (1,2,3)

Economics Exam 1 (1,2,3)

12th Grade

32 Qs

quiz-placeholder

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Economics Exam 1 (1,2,3)

Economics Exam 1 (1,2,3)

Assessment

Quiz

Other

12th Grade

Hard

Created by

Kimberly Agurcia

FREE Resource

32 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the study of scarcity in economics?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Who proposed the concept of 'Factor of Production'?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the concept of 'Division & Specialization of Labor'?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Who is associated with the concept of 'Wealth of Nations'?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the economies of scale?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two main branches of economics?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain fiscal policy in economics.

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OFF

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