Financial Choices and Tradeoffs
Quiz
•
Social Studies
•
7th - 12th Grade
•
Hard
Charles Martinez
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Economics, Trade-off and Opportunity Cost mean the same thing.
True!
False!
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be the most important factor considered when you make a decision?
the Trade-offs
the Opportunity Cost
the lost opportunities
the opinions of others
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Because of scarcity, people are forced to make _________ about how to use resources.
Choices
Opportunities
Analyses
Investments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Trade-off is
a purchase in a marketplace.
an alternative that we sacrifice when we make a decision.
any good or service a consumer needs.
a factor of production.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most basic problem of economics?
scarcity
productivity
money
resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of money and how to get rich.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of people and how they make decisions.
True
False
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