Unit 2 review

Unit 2 review

11th - 12th Grade

17 Qs

quiz-placeholder

Similar activities

Fundamental Rights Bharat #12

Fundamental Rights Bharat #12

7th - 12th Grade

17 Qs

Prophethood in Islam

Prophethood in Islam

9th - 11th Grade

21 Qs

UT#2 UCSP REVIEW

UT#2 UCSP REVIEW

12th Grade

15 Qs

Confucianism Comprehension

Confucianism Comprehension

7th - 11th Grade

12 Qs

NW Ordinance

NW Ordinance

11th Grade

17 Qs

Kaun Banega Crorepati

Kaun Banega Crorepati

6th Grade - Professional Development

16 Qs

Ethics

Ethics

12th Grade

19 Qs

Unit 2 review

Unit 2 review

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Jeremy I

Used 4+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market economy, what determines price of goods?

Substitute goods

Supply and demand

Economic policies

Quality of goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to price on goods when demand is greater than supply (shortage exists)

Profit will be smaller

Price of demanded good increases

Maufacturers stop making good

Stores sell different models of good

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when supply meets demand

Surplus

Equilibirum

Shortage

Equidistant

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the price of an ingredient of a good goes down, what would be the expected impact on demand?

No change

Demand disappears

Demand decreases

Demand increases

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Law of supply states when price goes up, what happens to supply?

No change

Increases

Decreases

Demand increases

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum price for good called?

Price floor

Inflated price

Price ceiling

Price of doing business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prices always move to what in a market economy

Disequilbrium

Price floor

Price ceiling

Equilibrium

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?