Search Header Logo

In class Quiz for20211019

Authored by Jason Ren

Other

9th Grade

Factors of production covered

Used 2+ times

In class Quiz for20211019
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is classified as one of the four economic resources?

consumption

enterprise

production

trade

Tags

Factors of production

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

What was the opportunity cost of going to the cinema?

going to a cricket match

watching the annual town parade

visiting relatives

losing his Saturday free time

Tags

Opportunity costs

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In a mixed economy, output is produced by

private enterprise and individuals.

the market alone.

the state alone.

the state and private enterprise

Tags

Market system

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

What would happen to the equilibrium price if the quantity supplied increased by 200 units at each price?

It would decrease by $1

It would decrease by $2

It would increase by $1.

It would increase by $2

Tags

Market Equilibrium

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

If the price increases from $120 to $180, what would be the price elasticity of supply?

0.16

4

6

60

Tags

Price elasticity of Supply

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What can cause the supply curve for a product to shift to the right?

an increase in demand for the product

an increase in government subsidies to producers

an increase in indirect taxes on the product

an increase in the costs of production

Tags

Factors affect Supply

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

What would be the most likely effect on the market for rail transport?

a decrease in demand for rail transport

an increase in the price of rail tickets

an increase in supply of rail transport

an increase in the total income of rail companies

Tags

Factors affect Demand & Supply

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?