Utility. Quiz
Quiz
•
Social Studies
•
University
•
Practice Problem
•
Hard
Анастасия Быстрова
Used 4+ times
FREE Resource
Enhance your content in a minute
21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an example of a commodity that satisfies a want?
Medicine
Cake
Textbook
All of the above
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What determines the relationship between a consumer and a commodity?
Geography
Time
Utility
Quantity
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which factor affects the utility of a commodity?
Individual tastes
Geography
Time
All of the above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens to the utility of a commodity as the consumer's stock of that commodity increases?
Increases
Decreases
Remains the same
Fluctuates
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In most economic systems, do the prices of goods and services change over short periods of time?
Yes
No
Depends on the system
Not mentioned
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the tendency called when a consumer's desire for a commodity diminishes as they buy more units of it?
Law of Diminishing Marginal Utility
Law of Supply and Demand
Law of Equilibrium Price
Law of Consumer Satisfaction
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What determines the price for goods and services in a market economy?
Buyers
Sellers
Both buyers and sellers
Government
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
Korean Dynasties Quiz
Quiz
•
8th Grade - University
20 questions
2nd Six Weeks Social Studies Benchmark Reivew
Quiz
•
2nd Grade - University
20 questions
Pancasila Quiz
Quiz
•
University
20 questions
Exploring Ancient India
Quiz
•
6th Grade - University
16 questions
Civilizations and Historical Events Quiz
Quiz
•
8th Grade - University
20 questions
Exploration of Americas
Quiz
•
8th Grade - University
21 questions
IB Unemployment
Quiz
•
11th Grade - University
16 questions
Geography Vocabulary Quiz
Quiz
•
6th Grade - University
Popular Resources on Wayground
10 questions
Honoring the Significance of Veterans Day
Interactive video
•
6th - 10th Grade
9 questions
FOREST Community of Caring
Lesson
•
1st - 5th Grade
10 questions
Exploring Veterans Day: Facts and Celebrations for Kids
Interactive video
•
6th - 10th Grade
19 questions
Veterans Day
Quiz
•
5th Grade
14 questions
General Technology Use Quiz
Quiz
•
8th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
15 questions
Circuits, Light Energy, and Forces
Quiz
•
5th Grade
19 questions
Thanksgiving Trivia
Quiz
•
6th Grade
Discover more resources for Social Studies
20 questions
Definite and Indefinite Articles in Spanish (Avancemos)
Quiz
•
8th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
9 questions
Principles of the United States Constitution
Interactive video
•
University
18 questions
Realidades 2 2A reflexivos
Quiz
•
7th Grade - University
10 questions
Dichotomous Key
Quiz
•
KG - University
25 questions
Integer Operations
Quiz
•
KG - University
7 questions
What Is Narrative Writing?
Interactive video
•
4th Grade - University
20 questions
SER vs ESTAR
Quiz
•
7th Grade - University
