Quizalize logo
placeholder image to represent content

Economics Review #1

Quiz by Thomas Calder

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
11 questions
Show answers
  • Q1
    Private financial institutions encourage saving and investing by ____________ on deposits.
    raising fees
    paying interest
    charging fees
    charging interest
    30s
  • Q2
    The diagram above represents the Economic Flow of Money. After analyzing it, locate the "#2" in the diagram. Which of the following terms best replaces "#2"?
    Question Image
    products (goods & services)
    income
    public goods
    resources
    30s
  • Q3
    The diagram above represents the Economic Flow of Money. After analyzing it, locate "#1" in the diagram. Which of the following terms best replaces "#1"?
    Question Image
    profit
    products
    income
    Resources (human)
    30s
  • Q4
    A form of business organization with two or more owners who share the risks and the profits" best defines which type of ownership?
    Entrepreneurship
    Proprietorship
    Partnership
    Corporation
    30s
  • Q5
    In this economic system people often perform the same type of work as their parents and grandparents.
    free market economy
    mixed economy
    traditional economy
    command economy
    30s
  • Q6
    Compare and contrast the graphs above. What relationship is shown in these graphs?
    Question Image
    Choice and Competition
    Supply and Choice
    Competition and Trade
    supply and demand
    30s
  • Q7
    The combining of human, natural, capital, and entrepreneurship resources to make a good or provide a service best describes which of the following terms?
    Production
    Consumption
    Opportunity Cost
    Supply and Demand
    30s
  • Q8
    Which of the following are used to change economic behavior?
    supply and demand
    choices
    incentives
    resources
    30s
  • Q9
    Interaction of supply and demand determines ___________.
    consumption
    price
    production
    choice
    30s
  • Q10
    ____________________ is what is given up when a choice is made; the highest valued alternative forgone.
    opportunity cost
    incentives
    production
    consumption
    30s
  • Q11
    Which term is best defined as “the inability to satisfy all wants at the same time?”
    incentive
    scarcity
    price
    supply and demand
    30s

Teachers give this quiz to your class