
Economics Pre-Test
Authored by Rob Sullivan
Social Studies
12th Grade
Used 3+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The amount of a good or service that is wanted is called:
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The amount of a good or service provided is called:
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The total value of goods and services produced within the a country during one year.
Gross Domestic Product (GDP)
Gross National Income (GNI)
Gross Food Cafeteria (GFC)
Human Consumption Chart (HCC)
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
There are 4 _______________. They are land, labor, capital and entrepreneurship.
Factors of Production
Market Economy
Profit
Economics
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The study of how people seek ways to meet their wants and needs by making choices is called?
Economics
Philosophy
Capitalism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following is semi durable good?
radio
clothes
milk
petrol
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It focuses on small scale decisions made by individuals and firms
Microeconomics
Macroeconomics
opportunity cost
Marginal Analysis
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