Economic Concepts Quiz
Authored by Andrew Spear
History
11th Grade
Used 3+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does CPI stand for?
Consumer Price Index
Cost Price Index
Consumer Product Index
Cost Product Index
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the highest point in a business cycle?
Peak
Trough
Expansion
Recession
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a period of economic decline in a business cycle?
Recession/Contraction
Expansion
Peak
Bull Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a period of economic growth in a business cycle?
Expansion
Recession
Peak
Trough
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another term for a free market economy?
Free enterprise system
Controlled market system
Regulated market system
Closed market system
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a financial benefit given by the government to encourage certain activities?
Subsidy
Tax credit
Incentive
Bull Market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the lack of employment?
Unemployment
Recession
Expansion
Peak
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