Unit 10 Economics for business LO1
Authored by Maria Sparks
Business
11th - 12th Grade
Used 15+ times
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10 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
A (a) is a place where buyers and sellers meet to exchange goods and services for money.
2.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
(a) is the amount consumers are willing and apply to buy at different prices.
3.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
(a) is the amount businesses are willing and able to sell at different prices.
4.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
Ceteris paribus means all things being (a) .
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is NOT a determinant of demand?
Complements and substitutes
Costs of production
Consumer income
Interest rates
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is NOT a determinant of supply?
Weather/climate
Improvements in productivity
Tastes and fashions
Government policy
7.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
PED is the responsiveness of demand to a change in (a) .
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