Social Studies

9th -

12thgrade

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Intro to Economics

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16 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt
    What is scarcity? 
    Giving something up to have something else
    Extra cost of production
    The condition that results form having unlimited wants with limited resources
    Rise in general level of prices and workers need more money
  • 2. Multiple Choice
    30 seconds
    1 pt
    What is choice?
    The act of picking or deciding 
    The best option possible
    When something is very good
    When someone has no say in a matter
  • 3. Multiple Choice
    30 seconds
    1 pt

    What is Marginal Advantage (Analysis)?

    Making a decision by comparing costs and benefits

    Making a decision by comparing scarcity and choice

    Living on the edge because you have an advantage

    The advantage of using margarine

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