PFET-Unit I Review

PFET-Unit I Review

9th - 12th Grade

25 Qs

quiz-placeholder

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PFET-Unit I Review

PFET-Unit I Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Corrie Hamlett

Used 14+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is neither a good or service?

A gallon of gasoline

A piano lesson

A meal at a restaurant

A $20 bill

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the demand curve increases, it will

shift to the left

shift to the right

flatten out and become horizontal

not change

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of microeconomics

Choosing to have products made in the US

Choosing to wear tennis shoes or dress shoes

Choosing to eat Chik Fil A or Burger King

Choosing to paint your room red or blue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The advantages of a traditional economic system is

Economic roles are set and predictable

lower standard of living

changes every day

the government is involved

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In general, if the price of a good or service goes down, what happens to the demand for that good or service?

demand goes up

demand stays the same

demand goes down

none of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amazon Prime is selling Smellcils. There are only a few packs left and they are very popular. What will happen to the price?

The price will go up.

The price will go down.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a business have left after all the bills have been paid?

supplies

taxes

profit

debt

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