Economics Final Test

Economics Final Test

10th - 12th Grade

•

30 Qs

quiz-placeholder

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Economics Final Test

Economics Final Test

Assessment

Quiz

•

Social Studies

•

10th - 12th Grade

•

Medium

Created by

Darius Brown

Used 9+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 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

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

a person or company that makes, grows, or supplies goods to sell is called the?

damand
price
producer
shortage

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

demand goes up
demand stays the same
demand goes down
none of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The amount of goods or services available is called?

supply
demand
producer
consumer

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

An individual or group who purchases goods.

producer
consumer
goods
services

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Economic system where government controls everything.

Market
Command
Mixed
Free Enterprise

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Economic System where there is limited technology and ideas are passed down from generation to generation

Command
Traditional
Mixed
Market

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