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Fundamentals of Economics
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Assessment
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Lauren Holstein
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Social Studies
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12th Grade
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19 plays
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Medium
Student preview
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17 questions
Show answers
1.
Multiple Choice
Which of the following BEST describes the definition of economics?
the study of supply and demand
the study of how people make decisions based on logic
the study of money and taxes
the study of how people make decisions based on limited resources
2.
Multiple Select
Which of the following are considered reasons to study economics?
can help us save money
can make us better, informed citizens
helps us make decisions
used in everyday life
3.
Multiple Choice
What are the two types of economics?
Microeconomics and Elastic Economics
Macroeconomics and Inelastic Economics
Microeconomics and Macroeconomics
Elastic and Inelastic Economics
4.
Multiple Choice
What type of economics is the following- A country’s imports and exports
Microeconomics
Macroeconomics
Elastic Economics
Inelastic Economics
5.
Multiple Choice
What type of economics is the following- amount of people unemployed in the USA
Microeconomics
Macroeconomics
Elastic Economics
Inelastic Economics
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