
Economics Concepts and Principles

Interactive Video
•
Social Studies, Business, Economics
•
9th - 12th Grade
•
Hard

Sophia Harris
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of economics as a social science?
Understanding cultural differences
Analyzing political systems
Administering resources to satisfy human needs
Studying human behavior
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic model is based on private ownership of production means?
Communist
Mixed
Capitalist
Socialist
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of the socialist economic model?
Laissez-faire policies
Government planning and intervention
Market-driven resource allocation
Private ownership of resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which indicator measures the total monetary value of goods and services produced in a country?
Unemployment rate
Inflation rate
Gross Domestic Product (GDP)
Interest rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do productive sectors classify in an economy?
Types of production processes
Types of financial systems
Types of natural resources
Types of government policies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor is defined as the potential of people with labor capacity?
Technology
Natural resources
Human resources
Capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of technology in economic development?
Reducing production efficiency
Increasing labor costs
Facilitating production and reducing costs
Decreasing the need for education
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