Basic Economic Ideas
Quiz
•
History
•
9th - 10th Grade
•
Medium
Michael Daly
Used 22+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Super Bowl tickets to the Chiefs - 49ers game are selling for over $3,800. This is because of
the law of supply and demand
Say's Law
speculation
credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Often times, tickets to sporting events like the Super Bowl are very expensive. The price of these tickets change at kickoff and often go down. Why?
The supply went up.
The demand for the ticket went down.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you picked stocks in the Stock Market game in class, you were ________________________ that the stock's price would rise.
crediting
speculating
demanding
supplying
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The stock market is
a place where people buy and trade pieces of companies
a place where people demand for prices to change
a place where people can get access to credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What two words are the most similar?
credit & installment buying
stock market and Say's Law
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When people got access to credit in the 1920's, what did they do?
Nothing
Bought consumer goods like radios and refrigerators
Saved it
gave it to their children
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ says that when a company has too many products (a surplus), they should lower prices.
Say's Law
The stock market
Speculation
Consumerism
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