Search Header Logo

Chapter 6 Economics Test

Authored by Sean Maddox

Social Studies

9th - 12th Grade

Used 3+ times

Chapter 6 Economics Test
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The monetary value of a product

Price

Rationing

Biofuels

Economic Model

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

System of allocating goods and services without prices

Price

Rationing

Biofuels

Economic Model

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

fuel made from wood, peat, municipal solid waste, straw, corn, tires, landfill gases, fish oils, and other waste

Price

Rationing

Biofuels

Economic Model

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

simplified version of a complex concept or behavior expressed in the form of a graph, figure, equation, or diagram

Price

Rationing

Biofuels

Economic Model

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

price when quantity supplied equals quantity demanded; price that clears the market

Equilibrium Price

Equilibrium Quantity

Surplus

Shortage

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

quantity of output supplied that is equal to the quantity demanded at the equilibrium price

Equilibrium Price

Equilibrium Quantity

Surplus

Shortage

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

situation where quantity supplied is greater than quantity demanded at a given price.

Equilibrium Price

Equilibrium Quantity

Surplus

Shortage

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?