Economics Review for Unit 1 - Quiz #1
Review of Fundamentals of Economics
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Topics of this game:
- Desires that can be satisfied by consuming a good or service?
- The study of scarcity and choice.
- What are the three factors of production?
- A sales clerk represents which factor of production?
- Which of the following is NOT an example of an increase in productivity?
- Which of the following examples is a way for a business to INCREASE their level of productivity?
- Which of the following examples would cause a business to have a DECREASE in their productivity?
- What is the business cycle?
- Which of the following is a LAND resource shown in the $1500 Chicken Sandwich video?
- What does a PPC graph show?
- What three things does a PPC graph represent?
- If the PPF shifts to the right, is this a growth or a cost?
- What is the name of this principle, "principle that people may decide what, when, and how they want to buy and sell"?
- What term can be defined by the following statement, "division of labor"?
- Which of the following is FINITE?
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