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Supply and Demand

Supply and Demand

Assessment

Interactive Video

Business

12th Grade

Practice Problem

Medium

Created by

Crystal Lewis

Used 3+ times

FREE Resource

81 questions

Show all answers

1.

SLIDE QUESTION

30 sec • Ungraded

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Products brought into a country

Currency
Exchange rate
Export
Import

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Trading between countries

Exchange rate
Embargo
International trade
Voluntary trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential long-term effect of Trade Protection policies?

Decreased efficiency and innovation in protected industries

Increased global competitiveness of protected industries

Reduced prices for domestic consumers

Enhanced environmental protection

5.

SLIDE QUESTION

30 sec • Ungraded

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Products sold to other countries

Currency
Import
Export
International trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when the world price is lower than the domestic price?

Consumers buy cheaper imported goods

Domestic producers increase prices

The nation becomes an exporter

National demand decreases

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