ECONOMICS 3

ECONOMICS 3

9th Grade

20 Qs

quiz-placeholder

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ECONOMICS 3

ECONOMICS 3

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Medium

Created by

john denver

Used 6+ times

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20 questions

Show all answers

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

Media Image

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

Media Image

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

Media Image

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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