SOCSCI 9_1st Qtr Tuotrial

SOCSCI 9_1st Qtr Tuotrial

9th Grade

20 Qs

quiz-placeholder

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SOCSCI 9_1st Qtr Tuotrial

SOCSCI 9_1st Qtr Tuotrial

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Easy

Created by

Kristel Alegre

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Who is known for the theory of Communism?

Adam Smith

John Stuart Mill

Karl Marx

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is the main focus of economics?

Allocating scarce resources to meet unlimited wants

Political systems

Studying natural resources

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which is a basic problem of economics?

Equality

Scarcity

Unlimited resources

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When there isn’t enough to meet demand, it is called _______.

Shortage

Surplus

Profit

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Comparative advantage means ________

Avoiding trade

Producing goods at a lower opportunity cost

Producing all goods more cheaply

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who is part of the labor force?

People employed or looking for a job

Stay-at-home parents not seeking work

Retired individuals

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If the labor force participation rate decreases, it means ______

Fewer people are working or seeking jobs

More people are joining the labor force

The economy is expanding

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