Grade 9 Economics Formulas Quiz
Test your knowledge of basic economic problems, the primary concern of economics, and the concept of opportunity cost with this grade 9 araling panlipunan quiz.
Recommended next
3 questions ready
Start with a quiz
Answer from memory first, then use the existing quiz review flow for anything you miss.
Activities
Quiz3 Questions
Flashcards3 Cards
Study Notes1 Note
Podcast1 Episode
Modules
Learn in sequence
Start with the earlier modules and work forward. Each one builds on the last, so the course gets more advanced as you go.
Grade 9 Economics Formulas Quiz
Quiz • 3 Questions
Grade 9 Economics Formulas Quiz - Flashcards
Flashcards • 3 Cards
Study Notes
1 min • Summary
Grade 9 Economics Formulas Quiz - Podcast
Podcast
Materials
List of Questions3 questions
- Question 1
- Abundance of resources
- Equal distribution of resources
- Unlimited wants and needs
- Scarcity of resources
- Question 2
- Minimizing costs
- Maximizing profit
- Equal distribution of wealth
- Allocating resources efficiently
- Question 3
- The initial investment cost
- The long-term cost
- The total cost incurred
- The cost of the next best alternative foregone
List of Flashcards3 flashcards
- Card 1HintThink of it as a tug-of-war between what we want and what we have.Memory TipAlways wanting more than we can get.
- Card 2HintIt's about making choices and getting the most out of what we have.Memory TipBalancing needs with limited resources.
- Card 3HintIt's the cost of choosing one thing over another.Memory TipEvery choice comes with a trade-off.