
The Historical Dynamics of Supply and Demand

Passage
•
English
•
12th Grade
•
Easy
Carl Herring
Used 1+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical event during the medieval period significantly impacted supply and demand across Europe?
The Black Death
The Industrial Revolution
The Great Depression
World War II
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the Industrial Revolution affect the supply of goods?
It dramatically increased the supply of goods.
It decreased the supply of goods.
It had no effect on the supply of goods.
It led to a scarcity of goods.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major consequence of the Great Depression on supply and demand dynamics?
A severe drop in demand led to widespread unemployment.
An increase in demand led to economic growth.
Supply exceeded demand, leading to inflation.
Demand remained stable, but supply decreased.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role did international trade agreements play in the post-World War II global economy?
They facilitated the flow of goods and services.
They restricted the flow of goods and services.
They had no impact on the global economy.
They led to a decrease in consumerism.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has globalization in recent decades affected supply and demand?
It increased both the supply of goods and the demand for them.
It decreased the supply of goods while increasing demand.
It had no effect on supply and demand.
It led to a decrease in demand and an increase in supply.
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