7 Principles of Economics

7 Principles of Economics

Assessment

Assessment

Created by

David Yanover

Social Studies

9th - 12th Grade

3 plays

Hard

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23 questions

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1.

MULTIPLE CHOICE

30 sec • 1 pt

Incentives are ______________

2.

MULTIPLE CHOICE

30 sec • 1 pt

____________ are all the alternatives we give up whenever we choose one course of action over another.

3.

MULTIPLE CHOICE

30 sec • 1 pt

Which of the following is an INCENTIVE?

4.

MULTIPLE CHOICE

30 sec • 1 pt

Opportunity cost can be defined as:

5.

MULTIPLE CHOICE

2 mins • 1 pt

Economic decision to use one more additional unit of a resource

6.

MULTIPLE CHOICE

30 sec • 1 pt

Media Image

I only have an hour of free time today. If I study, I can't see my friends.

7.

MULTIPLE CHOICE

30 sec • 1 pt

Media Image

I thought it was a good idea to get a dog. I didn't know it would drive my neighbors crazy.

8.

MULTIPLE CHOICE

30 sec • 1 pt

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Should I spend thousands of dollars on college? Would it be worth it?

9.

MULTIPLE CHOICE

30 sec • 1 pt

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Amateur investors banded together this week to squeeze Wall Street hedge funds by sending GameStop’s stock prices to dizzying heights.

10.

MULTIPLE CHOICE

30 sec • 1 pt

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 I don't know how to fix my car, but I can pay a mechanic to do it.

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