Econ Final Review

Econ Final Review

Assessment

Assessment

Created by

Shannon Singleton

Social Studies

11th - 12th Grade

34 plays

Medium

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43 questions

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1.

MULTIPLE CHOICE

30 sec • 1 pt

The basic economic problem is

2.

MULTIPLE CHOICE

30 sec • 1 pt

What is the economic term for the things you sacrifice when you make a decision?

3.

MULTIPLE CHOICE

30 sec • 1 pt

Which is the next best alternative to the decision you make, the one you miss out on?

4.

MULTIPLE CHOICE

30 sec • 1 pt

A resource provided by mother nature that is used by a business

5.

MULTIPLE CHOICE

30 sec • 1 pt

Which of the following would be an example of labor?

6.

MULTIPLE CHOICE

30 sec • 1 pt

Which of the following would be an example of human capital?

7.

MULTIPLE CHOICE

30 sec • 1 pt

Which of the following would be an example of physical capital?

8.

MULTIPLE CHOICE

30 sec • 1 pt

Which of the following would be an example of land?

9.

MULTIPLE CHOICE

30 sec • 1 pt

What is meant by a point that is under the curve on a production possibilities curve

10.

MULTIPLE CHOICE

30 sec • 1 pt

What is meant when a point is outside the curve on a production possibilities curve?

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