
Abeka Economics Test 3
Authored by Abigail Lerand
Business
9th - 12th Grade
Used 4+ times

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95 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the study of the choices that individuals and societies make in the production, distribution, and consumption of goods
economics
macroeconomics
materialism
microeconomics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
any system for the production, distribution, and consumption of goods and services
economy
imperialism
market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the study of specific components within a major economy and how the choices made by individuals, households, and businesses affect that economy
macroeconomics
microeconomics
economic models
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a tangible item that people want and for which they will pay
good
services
want
need
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
intangible goods produced by labor for which people expect to pay
good
services
need
want
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a mechanism that allows people to exchange goods
market
good
services
need
want
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of a good that is bought at a certain price under certain conditions
demand
supply
want
market
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