ECON DEV 1
Authored by Krizia Tinguban
Business
1st - 12th Grade
Used 9+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
What is the slope of a supply curve?
downward sloping
upward sloping
2.
FILL IN THE BLANKS QUESTION
10 sec • 1 pt
A point where quantity demanded equals quantity supplied.
(a)
3.
FILL IN THE BLANKS QUESTION
10 sec • 1 pt
What type of resources does labor belong?
(a)
4.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
What is the slope of a demand curve?
downward sloping
upward sloping
5.
FILL IN THE BLANKS QUESTION
10 sec • 1 pt
In this type of economy, the choices of distribution as well as production are based primarily on prices.
(a)
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 BLANKS QUESTION
10 sec • 1 pt
The best alternative that is forgone to produce or consume something else
(a)
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