Economic Essentials Quiz

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Test your understanding of basic economics.

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Galang, Kristell Anne T.

Filipinas

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Froggy Jumps Economic Essentials QuizVersión en línea Test your understanding of basic economics. por 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

Froggy Jumps

Economic Essentials QuizVersión en línea

Test your understanding of basic economics.

por Galang, Kristell Anne T.

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

Scarcity

Opportunity cost

Inflation

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

Geography

Economics

Sociology

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

Agricultural

Industrial

Service

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

Unemployment

Deflation

Inflation

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

Technological unemployment

Inflation

Budget deficit

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

Trade deficit

Productivity

Income inequality

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

Transportation fares increase

Prices of goods go down

Inflation decreases

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

Paying taxes on time

Getting a job after college

Choosing to buy a cellphone instead of saving for tuition

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

Reduce export levels

Increase agricultural productivity

Raise the inflation rate

Which statement best explains why climate change affects the economy?

It lowers government taxes

It increases factory output

It reduces agricultural production

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Economic Essentials Quiz

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Froggy Jumps

Economic Essentials QuizVersión en línea

por 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?

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