Economic Essentials Quiz

Froggy Jumps

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Test your understanding of basic economics.

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Galang, Kristell Anne T.

Philippines

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Economic Essentials Quiz


Froggy Jumps Economic Essentials QuizVersion en ligne Test your understanding of basic economics. par Galang, Kristell Anne T. 1 Which term refers to the condition where resources are limited but human wants are unlimited? a Scarcity b Opportunity cost c Inflation 2 What is the study of how individuals and societies use limited resources to satisfy unlimited wants? a Geography b Economics c Sociology 3 Which sector of the economy includes farming, fishing, and forestry? a Agricultural b Industrial c Service 4 The recent rise in rice prices in the Philippines is an example of which economic issue? a Unemployment b Deflation c Inflation 5 When workers lose jobs due to automation and AI, what economic problem is shown? a Technological unemployment b Inflation c Budget deficit 6 "Build Better More" program aims to improve which economic factor? a Trade deficit b Productivity c Income inequality 7 When oil prices rise globally due to conflicts in the Middle East, what usually happens in the Philippines? a Transportation fares increase b Prices of goods go down c Inflation decreases 8 Which of the following best shows the concept of opportunity cost? a Paying taxes on time b Getting a job after college c Choosing to buy a cellphone instead of saving for tuition 9 If the government distributes subsidies to farmers, what is its goal? a Reduce export levels b Increase agricultural productivity c Raise the inflation rate 10 Which statement best explains why climate change affects the economy? a It lowers government taxes b It increases factory output c It reduces agricultural production

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Economic Essentials Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Economic Essentials QuizVersion en ligne

par Galang, Kristell Anne T.

Which term refers to the condition where resources are limited but human wants are unlimited?

What is the study of how individuals and societies use limited resources to satisfy unlimited wants?

Which sector of the economy includes farming, fishing, and forestry?

The recent rise in rice prices in the Philippines is an example of which economic issue?

When workers lose jobs due to automation and AI, what economic problem is shown?

"Build Better More" program aims to improve which economic factor?

When oil prices rise globally due to conflicts in the Middle East, what usually happens in the Philippines?

Which of the following best shows the concept of opportunity cost?

If the government distributes subsidies to farmers, what is its goal?

Which statement best explains why climate change affects the economy?