Economics Basics
Authored by Melissa Anderson
Business
9th - 12th Grade
Used 14+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________________ is the willingness and desire of a peson to buy a good.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the fundamental problem of economics?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Opportunity Cost is best defined as
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would be an example of human capital?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Soil, minerals, air, water, and coal are all examples of
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Antonio has an Economic test tomorrow and knows that if he stays up and studies until 11 p.m. he has a good chance of making an A on the test. However he is really tired and knows that if he goes to bed at 10:00 p.m. he can easily make a B on the exam. What is Antonio's opportunity cost if he goes to bed at 11:00 p.m.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term describes the tools and technology used to make a product?
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