Economics Unit 1 Test- Connecting Themes

Economics Unit 1 Test- Connecting Themes

9th - 12th Grade

21 Qs

quiz-placeholder

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Economics Unit 1 Test- Connecting Themes

Economics Unit 1 Test- Connecting Themes

Assessment

Quiz

Financial Education

9th - 12th Grade

Practice Problem

Medium

Created by

Ashley Perry

Used 5+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main problem in economics?

Overproduction

Scarcity

Specialization

Supply and Demand

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

People’s needs and wants are _____________________.

Limited

Unlimited

Positive Incentives

Scarce

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an opportunity cost?

The total amount of a purchase

A chart showing the amount of resources available

What a person gives us when they make a choice (the one they didn’t choose)

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does scarcity mean?

There is not enough of something

Resources are unlimited

Needs and wants are endless

There is too much of something

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The necessities that allow a person to survive are called

Wants

Credit Cards

Benefits

Needs

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a natural resource

Trees

iPhones

Water

Oil

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are wants?

The desires a person has

Things you need to survive

The choices you did not make

Things used to produce other goods

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