Part 2: Econ Review for Final Assessment

Quiz
•
Other
•
9th Grade
•
Medium
Trisha Memmer
Used 1+ times
FREE Resource
29 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is the fundamental economic problem facing all ____.
Scarcity is the fundamental economic problem facing all individuals, societies, and economies.
Scarcity is the fundamental economic problem facing only wealthy individuals.
Scarcity is the fundamental economic problem facing only developing countries.
Scarcity is the fundamental economic problem facing only businesses.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________is a social science dealing with how people satisfy unlimited wants and the use of unlimited resources.
Wants and Needs
Renewable and Nonrenewable Resources
Scarcity and Productivity
Opportunity Cost and Marginal Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The word “economics” comes from two Greek words. What do those two words mean?
House and manage
Trade and wealth
Money and market
Supply and demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the factors of production?
Land, Labor, Capital, and Entrepreneurship
Money, Machines, Materials, and Management
Planning, Organizing, Leading, and Controlling
Supply, Demand, Price, and Quantity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are consumers forced to do because of scarcity?
Make choices
Increase production
Decrease consumption
Ignore scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An incentive is:
a reward or motivation (not always $) for doing something or making a choice
a type of punishment for not budgeting income
an extra tax added to goods
a reason why a person does not do something or make a choice
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Needs are the basic requirements for ______, such as food, clothing, and shelter.
survival
entertainment
luxury
comfort
Create a free account and access millions of resources
Similar Resources on Wayground
24 questions
1 - Introduction to banking & money

Quiz
•
9th - 10th Grade
25 questions
LC Consumer Studies

Quiz
•
11th - 12th Grade
26 questions
Economic Basics DIAGNOSTIC Quiz

Quiz
•
10th Grade
30 questions
Long Quiz Applied Economics

Quiz
•
12th Grade
25 questions
Circular Flow of Income Model

Quiz
•
9th Grade
25 questions
Economy & Economics Quiz

Quiz
•
11th Grade
30 questions
Economics SS 2

Quiz
•
11th Grade
33 questions
Econ Review

Quiz
•
11th - 12th Grade
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
15 questions
Core 4 of Customer Service - Student Edition

Quiz
•
6th - 8th Grade
15 questions
What is Bullying?- Bullying Lesson Series 6-12

Lesson
•
11th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Other
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
10 questions
Video Games

Quiz
•
6th - 12th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
12 questions
Graphing Inequalities on a Number Line

Quiz
•
9th Grade
20 questions
Cell Organelles

Quiz
•
9th Grade
28 questions
Ser vs estar

Quiz
•
9th - 12th Grade
15 questions
Two Step Equations

Quiz
•
9th Grade
17 questions
Continents and Oceans

Lesson
•
5th - 9th Grade