TAKE THE QUIZ – Economics #1

here’s a practice quiz go to this website

Just fill in a name and answer the 13 questions

from older post:

Format multiple choice questions.
Material and potential questions
1)define scarcity?
2) What is Economic’s ?
3) the 3 resources used to produce goods and services are? ,
4) Define direct cost, 5) define opportunity cost
6)define production possibility curves
7) if an option is below the production possibility curve what does this mean?
8)define the law of diminishing returns.
9) what are the 2 approaches that may be followed in economic decision making?
10)Countries where a free market approach is most dominate are refereed to as?
11) countries that stress the command approach are refereed to as ?
12) the most popular type of economic system is a)Free market b) command c)mixed
13) what is the scieince of economics?
14)what are graphs used in economics for?