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Grade 9 Economics Exam Practice

Authored by Mitchello Evan

Social Studies

9th Grade

Used 12+ times

Grade 9 Economics Exam Practice
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choices have to be made because

We have free and economic goods

We are affected by demand and supply

We have limited wants and needs

We have finite resources and unlimited wants

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

John spend his $10 to subscribe to Spotify and stop his YouTube subscription.

What concept shown by this story?

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Supply will shift to the right because of these reasons

lower production cost

increase in productivity

increase in income

increase in population

lower tax

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Revenue tend to increase when the price increase if the demand is

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What would be included in the factor of production land?

wheat

chicken

factory building

a farmer

woods

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which are the three economic questions?

What to produce

When to produce

How to produce

Where to produce

For whom to produce

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The PED of a good is -0.5. The price now is changing from 20 Zenny to 25 Zenny. What is the new demand if the usual demand is 40 units?

80 units

35 units

8 units

30 units

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