ECONOMICS 3
Authored by john denver
Social Studies
9th Grade
Used 6+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It refers to when a company and its product offerings dominate one sector or industry.
Price Mechanism
Monopoly
Oligopoly
Capital limitation
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A market that sells goods directly to the consumers and not in a large amount.
General Market
Wholesale Market
Public Market
Retail Market
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is known to be a market for trade in large amounts of goods.
Supermarket
Wholesale Market
Public Market
Retail Market
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is known to be a set of all individuals and organizations that acquire goods and services that enter into the production of other products or services that are sol, rented, or supplied to others.
Service Market
Industrial Market
Perfect Market
Consumer Goods Market
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is a type of market that has real competition between buyers and sellers.
Perfect Competition Market
Imperfect Competition Market
Free Entry and Exit Competition Market
Public Market
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A type of market where buyers and sellers have influence in setting price.
Perfect Competition Market
Imperfect Competition Market
Public Market
Free Entry and Exit Competition Market
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is known to be a economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for good or service.
Demand
Supply
Economics
Scarcity
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