Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economic Choices
Test Description: Review for 1st semester final
Instructions: Answer all questions to get your test result.
1) When you give up on something to have something else, you are making a
A
economic decision-making
B
trade-off
C
opportunity cost
D
scarcity
2) Not having enough resources to satisfy every need is
A
economic decision-making
B
scarcity
C
opportunity cost
D
trade-off
3) What is the first step of the decision making process?
A
define the problem
B
identify the choices
C
act on the choices
D
choose one
4) What is the sixth part on the decision making process?
A
define the problem
B
idenitfy the choices
C
act on your choice
D
review your decision
5) How many steps are in the decision making press?
A
9
B
3
C
6
D
4
6) The value of the next-best alternative that you did not choose is
A
economic decision making
B
trade-off
C
scarcity
D
opportunity cost
7) What is the second step in the decision making process?
A
act on you choices
B
choose one
C
identify the choices
D
review you decision
8) The process of choosing which wants, amoung several options will be satisfied is
A
opportunity cost
B
economic decision-making
C
trade-off
D
scarcity
9) What is the third part on the decision making process?
A
choose one
B
define the problem
C
act on your choice
D
evaluate the advantages and disadvantages of each choice
10) choose one is what part of the decision making process?
A
1
B
2
C
3
D
4
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?