Economic Unit 5 Review

Economic Unit 5 Review

11th - 12th Grade

17 Qs

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Economic Unit 5 Review

Economic Unit 5 Review

Assessment

Quiz

Specialty

11th - 12th Grade

Medium

Created by

Chris Schriever

Used 17+ times

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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most important characteristic of money is

durability
scarcity
acceptability
divisibility

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most important shifter in determining wages in a specific labor market is

location.
who you know.
human capital.
how long you have worked.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Labor unions want to create a/an ___________ market for labor.

monopolistic competive
perfectly competive
oligopoly
monopoly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the 4 C's of credit deal with a person's financial history?

Capacity
Character
Collateral
Capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are low risk investments EXCEPT

savings bonds.
municipal bonds.
treasury bonds
junk bonds.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jen has a great credit score, this means her __ is good and will be charge a __ IR on her loan.

character; low
character; high
capacity; low
capacity; high

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The price of apples change from $1/lb to $1.50/lb, _______ will increase.

quantity supplied
supply
quantity demanded
demand

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