ECON DEV 1

ECON DEV 1

1st - 12th Grade

10 Qs

quiz-placeholder

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ECON DEV 1

ECON DEV 1

Assessment

Quiz

Business

1st - 12th Grade

Practice Problem

Hard

Created by

Krizia Tinguban

Used 9+ times

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10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

What is the slope of a supply curve?

downward sloping

upward sloping

2.

FILL IN THE BLANK QUESTION

10 sec • 1 pt

A point where quantity demanded equals quantity supplied.

3.

FILL IN THE BLANK QUESTION

10 sec • 1 pt

What type of resources does labor belong?

4.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

What is the slope of a demand curve?

downward sloping

upward sloping

5.

FILL IN THE BLANK QUESTION

10 sec • 1 pt

In this type of economy, the choices of distribution as well as production are based primarily on prices.

6.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

A higher price is associated with a lower quantity demanded, whereas a lower price is associated with a larger quantity demanded.

law of demand

law of supply

7.

FILL IN THE BLANK QUESTION

10 sec • 1 pt

The best alternative that is forgone to produce or consume something else

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