
Microeconomics Vocab
Authored by Desire Grismore
Social Studies
9th - 12th Grade
Used 2+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The point where supply and demand curves meet
disequilibrium
Monopoly
Elastic
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market in which many companies sell products that are similar but not identical
Microeconomics
Partnership
Price control
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A government restriction on the price of a good or service
Pure competition
Resources
Shortages
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that must be paid to a government
Disequilibrium
Corporation
Deregulation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Situation in which demand exceeds supply.
Goods
Determinants
Equilibrium
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Government's role in business that affects production.
Goods
Inelastic
Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One person owns the business.
Sole proprietorship
Partnership
Monopoly
Liability
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