Search Header Logo

Econ Unit 2

Authored by Leslie Radcliffe

Social Studies

8th Grade

Used 3+ times

Econ Unit 2
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is when government has all the control?

traditional

market

command

mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of tax in paid on items that you buy?

income

property

payroll

sales

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to prices when demand is high?

go up

go down

stay the same

things are free

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect on supply when prices increase?

Supply increases

Supply decreases

Supply remains constant

Supply becomes zero

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect on demand when prices decrease?

Demand increases

Demand decreases

Demand remains constant

Demand becomes zero

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the cost of the next best alternative?

Marginal cost

Opportunity cost

Fixed cost

Variable cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is characterized by private ownership and free markets?

Command economy

Market economy

Traditional economy

Mixed economy

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?