What is Economics?

What is Economics?

KG - University

5 Qs

quiz-placeholder

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What is Economics?

What is Economics?

Assessment

Quiz

Other

KG - University

Hard

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economics?
The science of how money is made
The science of the production, distribution, and consumption of goods and services
The science of how the government is run
The science of how technology works in businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How a local government runs it's economy as opposed to how a state runs it's economy is an example of...
Microeconomics
Political Science
Economics
Macroeconomics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is...
The ability to hide from teachers
A product is easily available to consumers
A product that is not easily available to consumers
A product that will never be available to consumers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is a drought in America that has negative effects on farms across the country.  What is going to happen to the demand and prices of fresh produce?
Demand and the price of the product will go down
Demand and price for the product will go up
Demand and price will not be affected
None of the Above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An employee is an example of this type of resource.
Human
Natural
Capital Good
Worker
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