midterm economics study guide

midterm economics study guide

9th Grade

57 Qs

quiz-placeholder

Similar activities

Understanding Business Activity

Understanding Business Activity

9th - 12th Grade

55 Qs

Principles Spring Final Review

Principles Spring Final Review

9th - 12th Grade

59 Qs

Intro to Business Semester Review Quiz

Intro to Business Semester Review Quiz

9th - 12th Grade

59 Qs

Chapter 4 Principles of Business

Chapter 4 Principles of Business

8th - 12th Grade

52 Qs

HRP 3rd 9 Wks Exam (22-23)

HRP 3rd 9 Wks Exam (22-23)

9th - 12th Grade

59 Qs

Market Research and Customers and Competition

Market Research and Customers and Competition

7th - 12th Grade

57 Qs

Email Etiquette

Email Etiquette

9th - 12th Grade

53 Qs

Y9 Marketing Mix: Price

Y9 Marketing Mix: Price

9th Grade

56 Qs

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.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?