Economics 1st six weeks review part A

Economics 1st six weeks review part A

10th - 12th Grade

20 Qs

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Economics 1st six weeks review part A

Economics 1st six weeks review part A

Assessment

Quiz

Social Studies

10th - 12th Grade

Medium

Created by

Patrick Barron

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these is not a public good?

Computer

Interstate

Military

Police

Answer explanation

public good- a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.public goodp

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

a state of limited competition, in which a market is shared by a small number of producers or sellers is call a(n)

monopoly

oligopoly

capitalism

socialism

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What was an economic technique used in the U.S. during the World War 2 Era:

Command

Socialism

Oligopoly

Rationing

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these is not a fixed cost?

Car payment

Rent/Lease payment

Hourly wages

Mpnthly loan payment

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What type of good increases the use of another good?

Complementary good

Public Good

Private Good

Available good

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What has the greatest effect on quantity demanded?

Advertisement

Competition

Price

Income

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What was the Social Security program established for?

As a tax on the rich

To provide equality for all?

To benefit former slaves

To provide money for retirees over 65 and the disabled

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