IGCSE Economics Glossary Terms - M

IGCSE Economics Glossary Terms - M

9th - 12th Grade

25 Qs

quiz-placeholder

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IGCSE Economics Glossary Terms - M

IGCSE Economics Glossary Terms - M

Assessment

Quiz

Other

9th - 12th Grade

Easy

Created by

Escott .

Used 31+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of the whole economy.

Microeconomics

Macroeconomics

Economy economics

Whole economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goals a government wishes to achieve for the economy as a whole at a national and international level.

Macroeconomic aims

Macroeconomic goals

Macroeconomic targets

Macroeconomic hopes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where many buyers and many sellers come together

Classroom

Gathering

Market

Party

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where the quantity demanded by consumers and the quantity supplied by producers are not equal.

Market unbalance

Market inequality

Market disequilibrium

Market equlibrium

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system with prices that are based on competition between private sector businesses; markets are not controlled by the government.

Market price system

Market government system

Market business system

Market economic system

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where the quantity demanded by consumers and the quantity supplied by producers are equal.

Market equilibrium

Market equality

Market balance

Market level

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A situation where the economy's resources are not efficiently allocated: the market does not produce the goods and services that consumers most want and in a quantity that is required.

Market shortage

Market inefficiency

Market lack

Market failure

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