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Exam (elaborations)
2025 Economics Online Final: Comprehensive MCQ Pack
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---28December 20252025/2026A+
- Online Economics Final Exam- Multiple 
Choice 
Question 1 
Economic decisions involve doing what with resources to produce goods and services for 
people to consume? 
A. Allocating 
B. Marginalizing 
C. Renewing 
D. Satisfying 
Correct Answer 
A. Allocating 
Question 2 
Economics is about the production of goods and services, which requires the allocation of 
what? 
A. Benefits 
B. Consumption 
C. Resources 
D. Utility 
Correct Answer 
C. Resources 
Question 3 
In an economic system, decisions n...
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morrisacademiamorrisa
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Exam (elaborations)
2025–2026 Economics Final Exam 2: Multiple-Choice Question Bank
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---12December 20252025/2026A+
- Final Exam Multiple Choice 
Question 1 
World War 1: What prewar assumption was incorrect concerning the new technologies of 
artillery and machine guns? 
Correct Answer 
A. They bolstered the offense not the defense. 
Question 2 
World War 1:How was the manpower necessary for the AEF (American Expeditionary Forces) 
raised? 
Correct Answer 
D. Through a draft administered by local boards. 
Question 3 
Which is not an example of how WW1 contributed or led to WW2? 
Correct Answer 
D. Allies were ...
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morrisacademiamorrisa
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Exam (elaborations)
2025–2026 Economics Final: Multiple-Choice Question Bank
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---13December 20252025/2026A+
- Economics Final Exam (multiple 
choice) 
Question 1 a spending and savings plan based on estimated income and expenses for an 
individual or organization over a specific period of time Correct Answer budget 
Question 2 a resource with economic value that an individual, corporation, or country 
owns or controls with the expectation that it will provide future benefit Correct Answer 
asset 
Question 3 
an obligation that legally binds an individual or company to settle a debt; when one is 
respons...
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morrisacademiamorrisa