
Economics Final Exam 2021
Authored by David Phillips
Social Studies
12th Grade
Used 8+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What kind of economy is used by the United States?
Command
Traditional
Communism
Mixed-market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economy is mostly controlled by the government?
Command
Traditional
Mixed Market
Capitalism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of economics?
the study of how people try to satisfy unlimited wants and needs with limited resources
the study of the earth
the study of money
the study of how people decide how to play the stock market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is defined as the equilibrium price?
the price at which supply and demand intersect or meet
the price at which supply is greater than demand
the price at which demand is greater than supply
the price at which demand increases and supply decreases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Monopoly is when there is a single?
seller of a product
purchaser of a product
product
form of currency
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the name of a stock market that is rising?
Bull market
Bear market
Supermarket
Farmer's market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the name of a market that is declining?
Bull market
Bear Market
Supermarket
Farmer's market
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