Economics Quizizzzzzz year 8 aussie curriculum

Quiz
•
Business
•
7th Grade - Professional Development
•
Hard
Atulya Atulya
Used 13+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the 4 Factors of Production?
Cell
CELL
LLCE
Stonks
None of the above
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the actual 4 factors of production
CELL - Capital, Enterprise, Land and Lab0r
LLCE - Labour, L4nd, Cap1tal, Ent3rpr1se
CELL - Capital, Enterprise, Land and Labour
Stonks
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which one of these is not a type of market?
Stonk Market
Stock Market
Housing Market
Farmers Market
Stok Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the law of demand?
How much of nothing people want.
At lower prices, smaller quantity of goods and services will be demanded.
At higher prices a smaller quantity of goods and services will be demanded than at lower prices.
Stonks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of equilibrium?
The quantity demanded will match the quantity supplied
Tsunami
STONk5
The quantity supplied will match quantity demanded.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition of Supply
Quantity of a good or service that is produced at a given price at a given time
Stonks
Supply of the stonks
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Provision of Infrastructure in regards to the government's involvement in the market?
Roads, Railways and Ports
The government is responsible for providing the infrastructure for the economy.
Provision of Infrastuctureeeee
The responsibility of the government to provide wifi
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