South Carolina Economics (Updated) Practice

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Scarcity & Choice13%
Markets25%
Our Market Economy33%
The International Economy17%
Personal Finance12%
  • Questions: 595
  • Technology Enhanced Items: 50
  • Instructional Videos: 54
  • Vocabulary Terms: 156

Test Standards

Scarcity & Choice
1. (ECON-1.1)  Economic Decision-Making
2. (ECON-1.2)  Scarcity
3. (ECON-1.3)  Incentives
Markets
1. (ECON-2.1)  Voluntary Exchange
2. (ECON-2.2)  Price
3. (ECON-2.3)  Competition
4. (ECON-2.4)  Allocating Good & Services
5. (ECON-2.5)  The Business Cycle
6. (ECON-2.6)  Market Structures
Our Market Economy
1. (ECON-3.1)  Institutions In A Market Economy
2. (ECON-3.2, 3.3, 3.8)  The Federal Reserve
3. (ECON-3.4)  Circular Flow
4. (ECON-3.5)  The Government & The Economy
5. (ECON-3.6)  Economic Indicators
6. (ECON-3.7)  Our Integrated Economy
The International Economy
1. (ECON-4.1 )  Factor Endowments
2. (ECON-4.2)  Specialization
3. (ECON-4.3)  The Global Marketplace
4. (ECON-4.4)  Global Commodities
Personal Finance
1. (ECON-5.1)  Consumer Decisions
2. (ECON-5.2)  Personal Income
3. (ECON-5.3)  Labor & Wages