HKA Grade 10 Economics Quiz 2

HKA Grade 10 Economics Quiz 2

10th Grade

20 Qs

quiz-placeholder

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HKA Grade 10 Economics Quiz 2

HKA Grade 10 Economics Quiz 2

Assessment

Quiz

Business

10th Grade

Medium

Created by

Cornel Marais

Used 105+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must be given up in order to undertake any activity or economic exchange (what you could have done with the money you spend on that thing); 'opportunity lost'
Opportunity Cost
Consumers
Living Standards
Production Cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The quantity of a good or service that consumers are willing and able to buy at a particular price during a specific time period.
Demand
Supply
Price
Production Cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money expected, required, or given in payment for something.
Price
Demand
Supply
Production Cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The quantity of a good or service that producers are willing and able to offer for sale at a particular price during a specific time period.
Supply
Demand
Price
Production Cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costs incurred by a business when manufacturing a good or producing a service (including raw material and labor)
Production Cost
Opportunity Cost
Trade
Microeconomics

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increased movement between nations of trade, labour, investment, finance and technology. It means that countries are becoming more closely connected and affected by each other.
Globalisation
Macroeconomics
Microeconomics
Economic Model

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People whose wants are satisfied by consuming a good or service; people who purchase merchandise and services for personal use.
Consumers
Needs
Wants
Consumption

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