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Quiz Society
Quiz Society
Unit One - Introduction to Economics
QCM
created by
MidnightH…
on 6 Mar 12, enabled by
jimmy
Society
Hard level
(56% of success)
7 questions - 796 players
A quiz for economics
Quizz QCM : one or more possible correct answers
1
What is the basic problem that economics addresses?
Greedy people
Scarcity
Too many people to produce for
Not enough money
2
Choose all of the natural resources from the list below.
Air
Soil
Gasoline
Water
3
Which of the following is an example of a good?
Haircut
Movie in a movie theater
Paper
Drumming lesson
4
What is an opportunity cost?
The best alternative to doing something
The amount of money it costs to go somewhere
The amount of time it takes to do something
None of the above
5
According to the picture, which of the points represents an inefficient way to produce wine and cotton?
A
Y
B
X
6
Refering to the picture in question five, what point or points represent an impossible production level?
C
Y
X
A
7
Using question five's picture, what point (or points) is (are) the most efficient?
A
Y
B
C
Suggested by
MidnightHorror
on
Quizz.biz
for
finalprojectbykmr.webs.com/
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Generated on 21 May 22, 17h13