Grade 9 - Chapter 6 Quiz
Authored by Jason Jong
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes: the study of the production, distribution and consumption of goods and service?
2.
OPEN ENDED QUESTION
30 sec • Ungraded
Explain in your own words what scarcity means?
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3.
MULTIPLE SELECT QUESTION
30 sec • 3 pts
What are the 3 Factors of Production?
4.
OPEN ENDED QUESTION
30 sec • Ungraded
In the Supply & Demand cycle explain what happens to supply and price when the demand for a product or service increases?
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5.
OPEN ENDED QUESTION
30 sec • Ungraded
In the Supply & Demand cycle explain what happens to demand and price when the supply for a product or service increases?
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OFF
6.
OPEN ENDED QUESTION
30 sec • Ungraded
In the Supply & Demand cycle explain what happens to demand and supply when the price for a product or service increases?
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OFF
7.
OPEN ENDED QUESTION
30 sec • Ungraded
Describe what Equilibrium is and the role it has in the Supply and Demand cycle.
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