Unit Two Lesson Seven Economics

Unit Two Lesson Seven Economics

12th Grade

20 Qs

quiz-placeholder

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Unit Two Lesson Seven Economics

Unit Two Lesson Seven Economics

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A spillover or side effect of production or consumption

Monopoly

Oligopoly

Externality

Market effect

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A situation in which the market fails to allocate resources efficiently

Market failure

Perfect Competition

Market structure

Capital failure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The organization of a market, based mainly on the degree of competition

Market failure

Land resource

Market structure

Oligopoly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A market structure in which many producers supply similar but varied products

Price floor

Market competition

Market controls

Monopolistic Competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A market structure in which a single producer supplies a unique product that has no close substitutes

Monopoly

Perfect Competition

Oligopoly

Price controls

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A market structure in which a few firms dominate the market and produce similar or identical goods

Oligopoly

Revenue

Monopoly

Rationality

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A market structure in which many producers supply an identical product and no single producer can influence its price

Monopolistic competition

Market competition

Blue Market

Perfect Competition

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