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Economic Activity Review

Authored by Heather Pullam

Business

9th - 12th Grade

Used 5+ times

Economic Activity Review
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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business cycle measures all the new businesses that open and those that fail within an industry.

true
false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Commerce is the activities involved in buying and selling goods on a large scale.

true
false

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The market value of all final products produced in a country during a specific time period is _________.

consumer price index
gross domestic product
perfect competition
money supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The US government manages the economy using _________ policies.

tax
market and commerce
business cycle
fiscal and monetary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

The average change in prices paid for typical consumer goods and services over time.
A general decline in prices throughout an economy.
The general rise in prices throughout an economy.
A stage in the business cycle.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The central bank of the United States that is responsible for the country's monetary system.

Federal Reserve System
monopoly
oligopoly
market structure

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market structure with a small number of businesses selling the same or similar products.

Federal Reserve System
monopoly
oligopoly
market structure

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