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Economics #3

Authored by Shyanne Brown

History

12th Grade

Used 31+ times

Economics #3
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21 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Giving small loans to low-income people

Elasticity

Microcredit

Subsidy

Macrocredit

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A law that sets a minimum price in a specific market

Price Floor

Wealth

Price Ceiling

Price Gouging

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The ability to continue a defined behavior indefinitely

Predatory Pricing

Elasticity

Poverty Line

Sustainability

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Accumulated assets, minus liabilities

Poverty

Pricing

Wealth

Utilis

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

It looks at how individuals, businesses and governments make decisions

Preserve Incentive

Marginal Analysis

Progressive Tax

Default

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

State of the economy in which production represents consumer preferences

Price Floor

Progressive Tax

Allocative Efficiency

Free Riders

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The idea that a business can drive out competitors by charging lower prices even at a short term loss

Predatory Pricing

Debt Ceiling

Protectionism

Monetary Policy

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