1st QT Economics Qualifying

1st QT Economics Qualifying

9th - 12th Grade

60 Qs

quiz-placeholder

Similar activities

Southeast Asia Practice

Southeast Asia Practice

KG - University

61 Qs

Middle Ages Europe

Middle Ages Europe

9th - 12th Grade

60 Qs

CIVICS CHAPTER 3 REVIEW "The Constitution"

CIVICS CHAPTER 3 REVIEW "The Constitution"

11th - 12th Grade

60 Qs

Legislative Branch

Legislative Branch

9th - 12th Grade

61 Qs

Principles of Government

Principles of Government

8th - 9th Grade

60 Qs

Ch. 23 Lesson 1-4 Industrial Revolution Quizizz

Ch. 23 Lesson 1-4 Industrial Revolution Quizizz

9th - 11th Grade

63 Qs

Unit 1-2 SOL Review

Unit 1-2 SOL Review

6th - 12th Grade

60 Qs

Civics Year In Review Megan/King

Civics Year In Review Megan/King

8th - 10th Grade

61 Qs

1st QT Economics Qualifying

1st QT Economics Qualifying

Assessment

Quiz

History

9th - 12th Grade

Medium

Created by

Chiara Martinez

Used 1+ times

FREE Resource

60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fundamental problem in economics that arises because human wants are unlimited but the resources to satisfy them are limited?

Scarcity

Shortage

Abundance

Trade-off

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the study of human behavior related to the efficient use of limited resources to fulfill unlimited needs?

Economics

Sociology

Psychology

Political science

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a temporary situation where the quantity of a product supplied is less than the quantity demanded?

Shortage

Scarcity

Surplus

Opportunity cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the value of the next best alternative that you give up when you make a choice?

Opportunity cost

Benefit

Trade-off

Utility

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic principle states that we must choose between alternatives because resources are limited?

Trade-off

Opportunity cost

Scarcity

Shortage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do economists consider to be the 'factors of production'?

Land, labor, capital, and entrepreneurship

Goods and services

Wants and needs

Consumers and producers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of resource includes natural elements like topsoil, forests, and mineral deposits?

Land

Labor

Capital

Entrepreneurship

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?