
Econ - Unit 4 Review - Markets, Labor, and Businesses
Authored by Kelsey Paden
History
12th Grade
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Highest level of competition - Prices completely determined by supply and demand (Price Takers)
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No competition - One business sells the product - Price Maker
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Only a few sellers dominate the market - Sell similar products - Strong barriers to entry
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Differentiated yet similar products - Very high level of competition - Many firms competing
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increased property values after a new shopping mall opens is an example of a...
Positive Externality
Negative Externality
Public Good
Free Rider
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increased traffic or noise pollution after a new shopping mall opens is an example of a...
Positive Externality
Negative Externality
Public Good
Free Rider
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods paid for by the government from tax dollars that benefit everyone.
Positive Externality
Negative Externality
Public Goods
Free Rider
Access all questions and much more by creating a free account
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
Already have an account?