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Mic. October 5, 2021

Authored by benjamin dotson

Social Studies

12th Grade

Used 7+ times

Mic. October 5, 2021
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is when

Unlimited wants is met with limited resources

Forcing to pick some choices and reject the rest

Choosing one alternative means giving up another

All of them

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be studied in microeconomics?

Total numbers of workers employed in a country

The general level of prices in the Malaysian economy

The output of the entire economy

The output and price of chicken in Malaysia

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The graph represents: Demand or Supply?

Demand
Supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Law of demand says if the price of pizza falls, the demand for pizza will what?

Increase
Decrease

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A necessity is something we need to live. Which answer describes a necessity?

Food
School

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What kind of graph is this?

Supply
Demand

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

The Law of Supply states:

as price increases, supply increases
as prices decrease, demand increases

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