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UNIT Three Review

Authored by Taylor Jackson

Business

12th Grade

Used 6+ times

UNIT Three Review
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Shortage is when

Supply > Demand

Quantity Demanded > Quantity Supplied

Quantity Supplied > Quantity Demanded

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Monopolies are _______ in the United States

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a Supply and Demand Graph the Demand Line always goes

upward
downward
sideways
diagonal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a Supply and Demand Graph the Supply line always goes

upwards
sideways
downwards

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Quantity Demanded is 30 and Quantity Supplied is 50 I have a

equilibrium
surplus
shortage
excess

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Quantity Demanded is 100 and Quantity Supplied is 75 I have a

surplus
shortage
equilibrium
excess

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has the largest GDP in the world

China
India
Germany
United States

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