Basic Economic Concepts Practice Tests: Basic Bundle 1 (six quizzes)

Six of our 10-question (multiple choice and true or false) Basic Economic Concepts quizzes for high school social studies and high school history.

Get the most out of regular testing in your classroom by activating the power of retrieval learning and the 'testing effect' to enhance student retention, background knowledge, and understanding with this series of 5 to 10 minute practice tests.

Each Economics activity includes:

• One 10-question test black-line master pdf consisting of multiple choice and true or false questions (blank with no logos)
• The answers
• One student Self-Reflection tool
• A Teacher Bulletin with more information to provide elaborative feedback to students
• Suggestions for use to get most out of retrieval practice

Topics included in this bundle include:

Practice Test 01: 1) The term economics 2) Scarcity 3) The term capital 4) Factors of production 5) Sectors of the economy 6) The terms, microeconomics and macroeconomics

Practice Test 02: 1) The terms, needs and wants 2) Scarcity 3) The term capital 4) Factors of production 5) Sectors of the economy 6) The terms, microeconomics and macroeconomics 7) The term opportunity cost

Practice Test 03: 1) The term economics 2) The term capital 3) The terms quality of life and standard of living 4) The term Gross Domestic Product 5) The terms microeconomics and macroeconomics

Practice Test 04: 1) The term capital  goods 2) Scarcity & opportunity cost 3) Comparative Advantage 4) The basic economic questions & types of economic systems 5) Factors of Production 6) The terms supply and demand 7) Production possibilities curves (frontiers) 8) The terms quality of life & standard of living

Practice Test 05: 1) Standard of Living 2) Goods and Services 3) The terms capital goods & consumer goods 4) Types of Economic Systems: Market, Command, & Mixed 5) The terms GNP & GDP 6) The term capitalism 7) Production Possibilities Curve

Practice Test 06: 1) Supply and demand 2) The business cycle 3) Scarcity & opportunity cost 4) Production possibilities curve and opportunity cost 5) Types of economic systems: market, command, & mixed

Suggestions to activate the ‘testing effect’ for your students:

1. As you know, a steady ‘diet’ of short, low stakes practice tests greatly enhances student retention, background knowledge, and even contributes to greater understanding. Low stakes tests are short practice exercises worth no grade or a minimal grade and act as part of sound formative assessment practice.
2. Regular review quizzes: Integrate frequent, short retrieval practice tests into your unit to reinforce previously learned content. These low stakes quizzes can cover key facts, vocabulary, and concepts, allowing students to regularly retrieve, review and reinforce their understanding.
3. Self-assessment quizzes: Provide students with opportunities to self-assess their understanding by offering short retrieval practice quizzes with immediate feedback. This allows students to identify areas where they need further clarification or review, promoting metacognitive awareness and self-directed learning.
4. Collaborative quizzes: Consider administering a practice test. Upon completion, organize students into pairs or trios and, without knowledge of results, require students to discuss the questions and determine a group answer for each question. Debrief the results, and provide answers to the questions.
5. Review quizzes: Even if you have used practice tests previously, consider using them as part of the review process at the end of a course. Or reserve some of the quizzes for use as course nears its end.
6. Standardized test prep: Again, even if you have used the practice tests previously, consider using them as part of the review process for standardized test preparation. Or reserve some of the quizzes for use as test prep before your students head into their standardized tests.

• One of the great things about our bundles is you get a large number of practice tests for use in various ways in your classroom or your home learners

So go ahead, activate the power of retrieval practice, spaced practice, the self-testing effect, and formative assessment practice with your students.

For more information concerning retrieval practice, spaced-practice, and the science of learning, check out our blog at KCTLearning Blog