Search Header Logo

IDC4U Unit 2 Key Terms

Authored by Tamara Dell'Erba

Business

12th Grade

IDC4U Unit 2 Key Terms
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: Consumer willingness and ability to buy products

consumer expectations

supply

economics

demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: The quantity demanded of a good falls when the price of the good rises

Relative Cost

Law of Demand

Supply

Law of Supply

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: The amount of something produced by a person, machine, or industry

input

supply

demand

output

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: the ascertaining of cause and effect, of action and outcome, within the economic system.

analytical economics

normative economics

generalization

demographics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: Government-owned land, which is often rented or leased to individuals or companies for profit.

new land

crown land

pure competition

public debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: payments by the government to households for which the government does not receive a new good or service in return.

factors of production

transfer payments

unearned income

monetary policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: the most desirable alternative given up as the result of a decision

relative cost

opportunity cost

value added

economics

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?