Introduction to Economics
Authored by Enedelia Morelos
Education
9th Grade
Used 38+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is a science that examines how goods and services are produced, sold, and used.
True
False
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Are the economic resources a nation uses to make goods and supply services for its population
Factors of buying
Factors of selling
Factors of production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Develops when demand is higher than the available resources
Wants
Needs
Scarcity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is the value of the next best option that was not selected
Opportunity buyins
Opportunity Cost
Opportunity selling
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Government makes all economic decisions for its citizens
Free economy
Mixed economy
Command economy
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
In a ________________economy, individuals are free to make their own economic decisions
Market
Command
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is an economic system where the economic resources are privately owned by individuals rather than the government
Capitalism
Command economy
Mixed economy
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