Chapter 5 - Economics

Chapter 5 - Economics

12th Grade

40 Qs

quiz-placeholder

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Chapter 5 - Economics

Chapter 5 - Economics

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

YancyBeth Boothe

Used 30+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 the change in output from hiring one additional unit of labor

marginal product of labor

marginal cost

marginal revenue

increasing marginal returns

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a measure of the way quantity supplied reacts to a change in price

law of supply

supply curve

supply

elasticity of supply

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a graph of the quantity supplied of a good by all suppliers at different prices

market supply schedule

market supply curve

supply schedule

supply curve

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a graph of the quantity supplied of a good at different prices

supply curve

supply schedule

market supply curve

market supply schedule

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a chart that lists how much of a good all suppliers will offer at different prices

market supply schedule

market supply curve

supply schedule

supply curve

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a factor that can change

regulation

excise tax

variable

subsidy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount a supplier is willing and able to supply at a certain price

supply

law of supply

elasticity of supply

quantity supplied

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