Chapter 1 Practice Quiz - Intro to Economics
Authored by Luke Kruse
Social Studies
9th - 12th Grade
Used 98+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The conflict between unlimited wants and limited resources is called:
Basic economic scarcity
Wants
Scarcity
Factors of Production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who buys goods and services
consumer
entrepreneur
resource
currency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individuals who come up with a new idea for a good or service, then they make it a reality
resource
human resources
consumer
entrepreneur
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When something given up for something else is called?
Choice
Capitalism
Inflation
Opportunity Cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On this PPC, which point is efficient?
A
C
D
None
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On the PPC, which point is inefficient?
A
B
C
D
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On the PPC, which point is unobtainable?
A
B
C
D
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
