Economics

Economics

9th Grade

15 Qs

quiz-placeholder

Similar activities

PRINBMF Ch 3 & 2

PRINBMF Ch 3 & 2

9th - 12th Grade

20 Qs

Market equilibrium

Market equilibrium

9th - 12th Grade

19 Qs

Economics_main concepts

Economics_main concepts

9th Grade

20 Qs

Business Organization - Chapter 2 Test

Business Organization - Chapter 2 Test

9th - 12th Grade

20 Qs

5.02 Economic Systems and their effects on Business

5.02 Economic Systems and their effects on Business

9th - 12th Grade

15 Qs

Supply & Demand

Supply & Demand

9th Grade

10 Qs

Business and Economics - what do you know?

Business and Economics - what do you know?

9th Grade

20 Qs

Introduction to Economics: Microeconomics and Macroeconomics

Introduction to Economics: Microeconomics and Macroeconomics

9th Grade

10 Qs

Economics

Economics

Assessment

Quiz

Business

9th Grade

Medium

DOK Level 2: Skill/Concept

Standards-aligned

Created by

Zachary Black

Used 19+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is best defined as: (Select ONE)

The studies of how people make choices to satisfy their wants.

The study of individual self-interests.

The study of how government can most efficiently raise funds by taxation.

The process by which goods are sold on free markets.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As the demand for T-shirts increases, how will T-shirt producers likely respond?

Lay off T-shirt workers to reduce production costs.

Make fewer T-shirts to meet their income goals.

Buy more cotton fabric to produce more T-shirts.

Increase advertising spending to increase T-shirt sales.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the holiday season, more people decide to purchase DVDs. What action will DVD producers take in response?

They will produce more copies of DVDs.

They will produce fewer copies of DVDs.

They will hire fewer workers.

They will use less plastic in production.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which situation would give a business more control over the price of its product?

an increase in the cost of labor

an increase in the cost of capital goods

a decrease in competition in the market

a decrease in consumers' income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I own an oil refinery. Summer is coming, and people are going to be driving everywhere!  They're going to need LOTS of gasoline.

Will the price go up?

Yes

No

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I just invented the world's first self-folding chair!  It folds itself up and puts itself away. Nobody else makes anything like it!

Will the price go up?

Yes

No

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I sell rocks for a landscaping company. But this year it seems that everyone just wants to buy Gnomes for their garden. What am I going to do with all these rocks? What should this person do?

Sell them at a discount

Use them for landscaping projects

Wait for the trend to change

Give them away for free

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?