FINAL EXAM

FINAL EXAM

12th Grade

38 Qs

quiz-placeholder

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FINAL EXAM

FINAL EXAM

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Eloisa Hernandez

Used 2+ times

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38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the maker of goods?

Producer

Consumer

Scarcity

Supply Chain

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Economics?

The study of how people manage scarce resources

The study of money

The study of how money works

The study of the stock market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the purchaser of goods?

Consumer

Producer

Economist

Supply Chain

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a factor of production?

Land

Labor

Economic benefit

Capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a simple definition of supply?

Price increases - supply increase

Stocking of shelves

The thought of choice between items

When supply goes up demand goes up.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a simple definition of demand?

Price increases means demand will decrease

The power of a product for sales

When there is not enough stock

Simply put a shortage.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a monopoly?

A business that does not allow competition.

A business that encourages competition.

When supply exceeds demand.

A risky investment.

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