Owen Acadeca Economics Quiz

Owen Acadeca Economics Quiz

12th Grade

69 Qs

quiz-placeholder

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Owen Acadeca Economics Quiz

Owen Acadeca Economics Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Owen Newsom

FREE Resource

69 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of externalities on resource allocation?

They have no effect.

They improve resource allocation.

They can lead to inefficient resource allocation.

They always lead to efficient resource allocation.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a type of unemployment?

Cyclical Unemployment

Permanent Unemployment

Seasonal Unemployment

Voluntary Unemployment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GDP stand for?

Gross Domestic Product

General Domestic Product

Gross Development Product

General Development Product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of financial intermediaries?

To create money

To coordinate saving and investment decisions

To regulate inflation

To control government spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of measuring inflation?

To determine the unemployment rate

To assess changes in the price level

To calculate GDP

To measure economic growth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the focus of Section IV in the Economics Resource Guide?

Aggregate Demand Curve

Climate Change and Economics

Public Goods and Spaces

Monetary Policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which topic is covered under "Economic Concepts and Climate"?

Wealth Effects

Externalities

Inflation

Interest Rate Effects

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