Fundamentals of Economics

Fundamentals of Economics

Assessment

Assessment

Created by

Lauren Holstein

Social Studies

12th Grade

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17 questions

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1.

Multiple Choice

30 sec

1 pt

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

30 sec

1 pt

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

30 sec

1 pt

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

30 sec

1 pt

What type of economics is the following- A country’s imports and exports

Microeconomics

Macroeconomics

Elastic Economics

Inelastic Economics

5.

Multiple Choice

30 sec

1 pt

What type of economics is the following- amount of people unemployed in the USA

Microeconomics

Macroeconomics

Elastic Economics

Inelastic Economics

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