Economics Quizizzzzzz year 8 aussie curriculum

Economics Quizizzzzzz year 8 aussie curriculum

7th Grade - Professional Development

12 Qs

quiz-placeholder

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Economics Quizizzzzzz year 8 aussie curriculum

Economics Quizizzzzzz year 8 aussie curriculum

Assessment

Quiz

Business

7th Grade - Professional Development

Hard

Created by

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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