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D11 QUIZ ECONOMICS

Authored by DANIEL FLUCKEY

Social Studies

12th Grade

Used 10+ times

D11 QUIZ ECONOMICS
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5 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What happens to price as goods are less scarce?

prices rise

prices lower

prices equalize

profit

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is something produced by producers?

goods and services

demand

prices

None of the above.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Who is someone that acquires goods and services?

student

seller

producer

consumer

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

This is where demand meets supply.

quantity demanded

quantity supplied

equilibrium quantity

equilibrium price

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is more than what is needed or used?

black market

shortage

surplus

None of the above.

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