Economics

Economics

9th Grade

10 Qs

quiz-placeholder

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Business

9th Grade

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Caroline Blenkey

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an " injection " into the economy?

Taxation

Investment

Savings

Imports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If exports are greater than imports, there is a...........?

Gross domestic increase

Trade deficit

Trade surplus

Comparitive advantage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is when the price of goods and services

Decrease

Stay the same

Increase

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is Australia's top trading partner?

UK

USA

China

New Zealand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are the participants in the economy?

Consumers

Producers

Workers

Government

Financial

Overseas

Household

Firms

Housing

Transport

Education

Health

Structure

Workforce

Profits

Products

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economic scarcity?

The difference between unemployment and jobs available

The difference between goods exported and goods imported

The mismatch between unlimited human wants and limited resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Gross Domestic Product?

The increase in the price of goods that households buy.

Total national budget.

The total market value of all goods and services produced by a country.

An economic measure of the total balance of trade.

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