Unit 2 Check-in
Authored by Kaci Deyton
Social Studies
12th Grade
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
When the price of something increases, the quantity demanded
increases.
decreases.
remains unchanged.
reverses.
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Consider the term marginal utility. Which word is the best synonym for marginal?
useful
satisfactory
borderline
additional
3.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
Demand is the desire, (a) , and willingness to buy a product or service.
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What is the main cause of a change in quantity demanded?
substitution
changes in revenue
change in price
the income effect
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following replaces a costly item with a less costly one?
the substitution effect
the income effect
change in demand
consumer taste
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which product most likely has a demand that is inelastic?
a meal at a restaurant
green beans
a vital medicine
a vacation
7.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
Quantity supplied increases when the price (a) .
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