Social Studies

12th

grade

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Fundamentals of Economics

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17 questions

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  • 1. Multiple Choice
    30 seconds
    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 Choice
    30 seconds
    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 seconds
    1 pt

    What are the two types of economics?

    Microeconomics and Elastic Economics

    Macroeconomics and Inelastic Economics

    Microeconomics and Macroeconomics

    Elastic and Inelastic Economics

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