Economics Test 4 review

Economics Test 4 review

12th Grade

•

77 Qs

quiz-placeholder

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Economics Test 4 review

Economics Test 4 review

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Medium

Created by

Carissa Watford

Used 5+ times

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77 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods and Services provided by a government for the use of all people such as roads and military defense.

Private goods and services

public goods and services

External goods and services

Internal Goods and services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Sum of money granted by the government or public body to assist an industry or business so that the price of commodity or service may remain low or competitive

Externalities

Subsidies

Tariffs

Taxes

Fares

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market Based Systems of Pollution control whereby individual businesses can buy and sell emission credits even while the total level of industrial pollution is capped at some level

cap and trade

subsidies

tariffs

free-riders

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The use of government control or change some practice in the private sector

Regulation

Tariffs

Subsidies

Externalities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Required payments to the government

Subsidies

Free-riders

Taxes

Rent

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The sum of consumer surplus and producer surplus

Social Surplus

Social Deficit

Social Security

Social Democracy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government'r sole in setting units and measurements in a market or regulating the quality of goods

Market System

Market Standards

Market Surplus

Market Tariffs

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