Economics Questions

Economics Questions

11th Grade

100 Qs

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Economics Questions

Economics Questions

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Social Studies

11th Grade

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Mr Huesken

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100 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of how people interact with what?

Choices

Technology

Art

History

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is “microeconomics”?

The study of individual markets and consumer behavior

The study of the overall economy and large-scale economic factors

The study of historical economic systems

The study of economic development in emerging markets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is “macroeconomics”?

The study of individual markets and consumer behavior

The study of the economy as a whole, including inflation, unemployment, and economic growth

The study of business management and organizational behavior

The study of financial markets and investment strategies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main problem of economics?

Scarcity of resources

Abundance of resources

Equal distribution of wealth

Lack of technology

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are “factors of production”?

Resources used to produce goods and services

The final goods and services produced

The distribution of goods and services

The consumption of goods and services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do economists mean by “land”?

Natural resources & use of land

Urban areas and cities

Agricultural fields

Real estate properties

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do economists mean by “labor”?

The total number of hours worked by employees

The physical and mental skill set of workers

The machinery and tools used in production

The financial resources used in business operations

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