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Principles of Economics Quiz

1/10

Think about what would happen if you refilled your water bottle at workl instead of buying a soda every day for lunch

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Think about why would you stay at work for an extra $50. Is it worth it?

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Opportunity cost is based on the economic principle of people facing trade offs. Costs are not always related to a sum of cash

3/10

Think about the opportunity cost of a good or service as well

1/10

Think about what would happen if you refilled your water bottle at workl instead of buying a soda every day for lunch

If you are unsure of the answers on the quiz, visit the following website, which includes more information on these basic economic concepts.

End of the quiz!