IB Econ Intro Quiz

Assessment
•
Gary Donovan
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Social Studies
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11th - 12th Grade
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33 plays
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Easy
Student preview

12 questions
Show answers
1.
Multiple Choice
The study of people living in society and how they interact with each other is called ...
Econometrics
Social Science
Entrepreneurship
Scarcity
2.
Multiple Choice
The area of economics that studies the behaviour of individual economic agents, such as households, firms, industries and the government, and how they make economic decisions, is...
Macroeconomics
Microeconomics
Econometrics
Welfare Economics
3.
Multiple Choice
The second best alternative is referred to as...
Potential Growth
Capital Goods
Factors of Production
Opportunity Cost
4.
Multiple Choice
Goods that are produced with scarce resources, and therefore have an opportunity cost and a price, are called ...
Free Goods
Consumer Goods
Capital Goods
Economic Goods
5.
Multiple Choice
Which of the following is NOT one of the three questions every society attempts to answer?
What to Produce?
How to Produce?
Why to Produce?
For Whom to Produce?
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