PBMF 2.2 Government and the Economy

PBMF 2.2 Government and the Economy

9th Grade

•

38 Qs

quiz-placeholder

Similar activities

TSA Prep

TSA Prep

9th - 12th Grade

•

34 Qs

Supply & Demand Key Terms

Supply & Demand Key Terms

9th - 12th Grade

•

35 Qs

Investment Terms Practice

Investment Terms Practice

9th Grade

•

35 Qs

Budgets & Financial Records (FL3)

Budgets & Financial Records (FL3)

9th - 12th Grade

•

35 Qs

Chapter 10 Financial Markets Review

Chapter 10 Financial Markets Review

9th Grade - University

•

35 Qs

Business Management Chapter 1 Review

Business Management Chapter 1 Review

9th - 12th Grade

•

34 Qs

Money Management & Accounting

Money Management & Accounting

9th - 12th Grade

•

41 Qs

Accounting Basics

Accounting Basics

9th - 12th Grade

•

37 Qs

PBMF 2.2 Government and the Economy

PBMF 2.2 Government and the Economy

Assessment

Quiz

•

Business

•

9th Grade

•

Medium

Created by

Nicholas Villacci

Used 2+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Under perfect competition,

products are similar but not identical.
numerous restrictions prevent firms from entering the market.
no seller can sell a product above the prevailing market price.
a single seller can affect price.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which market has no competition?

perfect competition
oligopoly
monopoly
monopolistic competition

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which market structure is BEST indicated by the soda market?

monopoly
pure competition
oligopoly
natural monopoly

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which scenario is an example of a monopoly? 

A local water company is the sole provider of water for a small town.
A dry cleaner specializes in environmentally friendly cleaning methods.  
A farmer produces green beans for sale at a farmer's market.
A small number of cereal companies produce most of the cereal on the market.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An industry that is dominated by a few large firms is 

monopolistic competition.
a monopoly.
perfect competition.
an oligopoly.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The actions of an individual seller do not affect the overall supply or price of a good or service.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Firms in this kind of market produce goods that are very close substitutes.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?