Unit 3 Economic Review

Unit 3 Economic Review

12th Grade

•

35 Qs

quiz-placeholder

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Unit 3 Economic Review

Unit 3 Economic Review

Assessment

Quiz

•

Other

•

12th Grade

•

Practice Problem

•

Hard

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnerships are the easiest form of business organization to start up.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corporations can be privately owned or publicly held (traded on a stock market).

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an owner defaults on a foreclosure, the bank will issue him/her a mortgage.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What characteristic distinguishes monopolistic competition from pure competition?

number of firms

product differentiation

high pricing

competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a public good?

Pearland Library

The Air Force

Houston Galleria Mall

Beltway 8

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are types of non-price competition EXCEPT...

discounts

quality of materials

features

design/look

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market structure is defined by a single producer?

perfect competition

franchise

oligopoly

monopoly

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