Unit 2 review (Economics)

Unit 2 review (Economics)

12th Grade

78 Qs

quiz-placeholder

Similar activities

Psychological Research, Ethics & Stats

Psychological Research, Ethics & Stats

10th Grade - University

75 Qs

Economics Review 2022

Economics Review 2022

11th - 12th Grade

75 Qs

USHC-3 EOC Review

USHC-3 EOC Review

9th - 12th Grade

81 Qs

WHAP Midterm Review

WHAP Midterm Review

10th Grade - University

74 Qs

Demand and Supply Summative

Demand and Supply Summative

12th Grade

75 Qs

Government Week 4 Vocab (A#1-10, Gerrymandering)

Government Week 4 Vocab (A#1-10, Gerrymandering)

12th Grade

77 Qs

Chapter 18 Review Game--CIVICS

Chapter 18 Review Game--CIVICS

11th - 12th Grade

75 Qs

World History: Ancient Greece & Rome

World History: Ancient Greece & Rome

9th Grade - University

75 Qs

Unit 2 review (Economics)

Unit 2 review (Economics)

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Peyman Nazarian

Used 255+ times

FREE Resource

AI

Enhance your content in a minute

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

78 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Quanitity Demanded = Quantity Supplied you have a 

Equilibrium
Disequilibrium
Surplus
Shortage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market has no competition?

perfect competition
oligopoly
monopoly
monopolistic competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is a demand curve downward sloping?

because it reflects the desire, ability, and willingness of consumers
because of the natural elasticity of the market
because quantity demanded increases as price decreses
because it shows how increasing incentives changes demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For which product is demand likely to be the most elastic?

a product with no substitutes
a product with inadequate substitutes
a product with many inadequate substitutes
it is impossible to tell

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these describes an effect of increased government regulation on producers?

It shifts their market supply curve to the right.
 It prompts them to increase output at all possible prices.
It encourages production by requiring the use of new technology.
It shifts their market supply curve to the left.

6.

MULTIPLE CHOICE QUESTION

1 min • 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 and products are identical

a single seller can affect price and their is a small number of buyers and sellers

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which market structure is BEST indicated by the cell phone market?

monopoly

pure competition

oligopoly

natural monopoly

Create a free account and access millions of resources

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?