Year 10 Business Test 1
Authored by Megan Hughes
Business
10th Grade
Used 4+ times
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30 questions
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1.
DROPDOWN QUESTION
1 min • 1 pt
Demand refers to the willingness and (a) of buyers to purchase goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Law of Supply states that
As price increases quantity supplied increases
As price increases quantity supplied decrease
As price increases quantity demanded decreases
As price increases the happier you get
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four factors of production?
Land, labor, capital, and entrepreneurship
Water, wind, solar, and natural gas
Food, shelter, clothing, and healthcare
Education, entertainment, transportation, and communication
4.
OPEN ENDED QUESTION
3 mins • 2 pts
Briefly (approx. 2 sentences) define the following:
The economic problem
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • 2 pts
Briefly (approx. 2 sentences) define the following:
An Economic System
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
3 mins • 2 pts
Briefly (approx. 2 sentences) define the following:
Price Equilibrium
Evaluate responses using AI:
OFF
7.
OPEN ENDED QUESTION
3 mins • 2 pts
Briefly (approx. 2 sentences) define the following:
Market Economy
Evaluate responses using AI:
OFF
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