midterm economics study guide

midterm economics study guide

9th Grade

57 Qs

quiz-placeholder

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midterm economics study guide

midterm economics study guide

Assessment

Quiz

Business

9th Grade

Medium

Created by

Unreal Name

Used 35+ times

FREE Resource

57 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term listed below:

Tangible

Physical assets or objects that can be touched or measured, such as machinery or buildings.

Resources used to produce goods and services, including financial, physical, and human capital

The economic principle that resources are limited while human wants are unlimited

The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses

A set of principles or ideas used to explain and predict economic behavior

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term listed below:

Capital

Physical assets or objects that can be touched or measured, such as machinery or buildings.

Resources used to produce goods and services, including financial, physical, and human capital

The economic principle that resources are limited while human wants are unlimited

The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses

A set of principles or ideas used to explain and predict economic behavior

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term listed below:

Scarcity

Physical assets or objects that can be touched or measured, such as machinery or buildings.

Resources used to produce goods and services, including financial, physical, and human capital

The economic principle that resources are limited while human wants are unlimited

The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses

A set of principles or ideas used to explain and predict economic behavior

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term listed below:

Microeconomics

Physical assets or objects that can be touched or measured, such as machinery or buildings.

Resources used to produce goods and services, including financial, physical, and human capital

The economic principle that resources are limited while human wants are unlimited

The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses

A set of principles or ideas used to explain and predict economic behavior

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term listed below:

Theory

Physical assets or objects that can be touched or measured, such as machinery or buildings.

Resources used to produce goods and services, including financial, physical, and human capital

The economic principle that resources are limited while human wants are unlimited

The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses

A set of principles or ideas used to explain and predict economic behavior

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term listed below:

Opportunity Cost

The value of the next best alternative that is foregone when making a choice.

Inputs used to produce goods and services, such as land, labor, and capital.

A mechanism for determining how resources or goods are distributed, often based on price or priority.

A situation where choosing one option requires giving up another.

A factor that motivates or influences behavior and decision-making.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term listed below:

Resource

The value of the next best alternative that is foregone when making a choice.

Inputs used to produce goods and services, such as land, labor, and capital.

A mechanism for determining how resources or goods are distributed, often based on price or priority.

A situation where choosing one option requires giving up another.

A factor that motivates or influences behavior and decision-making.

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