Economics Review #1
Quiz by Thomas Calder
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
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
- view complete results in the Gradebook and Mastery Dashboards
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
11 questions
Show answers
- Q1Private financial institutions encourage saving and investing by ____________ on deposits.raising feespaying interestcharging feescharging interest30sEditDelete
- Q2The 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"?products (goods & services)incomepublic goodsresources30sEditDelete
- Q3The diagram above represents the Economic Flow of Money. After analyzing it, locate "#1" in the diagram. Which of the following terms best replaces "#1"?profitproductsincomeResources (human)30sEditDelete
- Q4A form of business organization with two or more owners who share the risks and the profits" best defines which type of ownership?EntrepreneurshipProprietorshipPartnershipCorporation30sEditDelete
- Q5In this economic system people often perform the same type of work as their parents and grandparents.free market economymixed economytraditional economycommand economy30sEditDelete
- Q6Compare and contrast the graphs above. What relationship is shown in these graphs?Choice and CompetitionSupply and ChoiceCompetition and Tradesupply and demand30sEditDelete
- Q7The combining of human, natural, capital, and entrepreneurship resources to make a good or provide a service best describes which of the following terms?ProductionConsumptionOpportunity CostSupply and Demand30sEditDelete
- Q8Which of the following are used to change economic behavior?supply and demandchoicesincentivesresources30sEditDelete
- Q9Interaction of supply and demand determines ___________.consumptionpriceproductionchoice30sEditDelete
- Q10____________________ is what is given up when a choice is made; the highest valued alternative forgone.opportunity costincentivesproductionconsumption30sEditDelete
- Q11Which term is best defined as “the inability to satisfy all wants at the same time?”incentivescarcitypricesupply and demand30sEditDelete
