Economics

Economics

12th Grade

19 Qs

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Economics

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Assessment

Quiz

others

12th Grade

Practice Problem

Easy

Created by

Althea Magkilat

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Represent the producers of goods and services in the economy

Roles of the household sector

Roles of the business sector

Roles of the foreign sector

Roles of the government sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

They provide the legal and social framework

Roles of the government sector

Roles of the household sector

Roles of the business sector

Roles of the foreign sector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

They provide labor as an input in the production process

Roles of the business sector

Roles of the government sector

Roles of the household sector

Roles of the foreign sector

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

They buy goods and services from the business sector using their supply inputs' money

Roles of the government sector

Roles of the business sector

Roles of the foreign sector

Roles of the household sector

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is when a country cannot satisfy their needs effectively between the closed economy: household, business, and the government

Roles of the household sector

Roles of the business sector

Roles of the foreign sector

Roles of the government sector

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

They provide correct for externalities and stabilize the economy

Roles of the business sector

Roles of the government sector

Roles of the household sector

Roles of the foreign sector

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a place in the market for goods and services where resources are bought and sold

Product market

Resource market

Mixed economy

Market economy/capitalism

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