L1.1 Exit Ticket

L1.1 Exit Ticket

12th Grade

5 Qs

quiz-placeholder

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L1.1 Exit Ticket

L1.1 Exit Ticket

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Taywone Mcnack

Used 1+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does scarcity force people to do?

Avoid making decisions

Ignore resources

Make choices and face tradeoffs

Increase resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When do people choose something according to the principle of cost versus benefits?

When the costs and benefits are equal

When the benefits are greater than the costs

When the costs are higher than the benefits

When there are no costs involved

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'thinking at the margin' involve?

Making decisions without considering the margin

Avoiding decisions altogether

Making decisions about a little more or a little less of something

Making decisions about a lot more or a lot less of something

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do people generally respond to incentives?

In unpredictable ways

By ignoring them

In generally predictable ways

By avoiding them

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one benefit of trade according to the text?

It makes people worse off

It limits choices

It makes people better off

It reduces resources