
Economics Test
Quiz
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others
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Practice Problem
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Hard
MELISSA DYER
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46 questions
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1.
OPEN ENDED QUESTION
30 sec • Ungraded
Extra Credit - Why does the quantity supplied decrease as the price decreases? (hint - Who decides how much to supply?)
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
30 sec • Ungraded
Extra Credit - Why does the quantity demanded decrease as the price increases? (hint- Who decides what the demand is?)
Evaluate responses using AI:
OFF
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Based on the graph, what is the ideal market price?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is it decided what will be produced in a traditional economy?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods are produced in a command economy?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods are produced in a traditional economy?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods and resources will be distributed in a command economy?
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