Economics Quiz

Economics Quiz

9th Grade

40 Qs

quiz-placeholder

Similar activities

Year 12 Econ Trade protection revision

Year 12 Econ Trade protection revision

12th Grade

45 Qs

Exploring Technology U1L2

Exploring Technology U1L2

9th - 12th Grade

44 Qs

Economic Systems Review

Economic Systems Review

10th - 12th Grade

37 Qs

Econ Final Exam Review Dakotah And Darrin

Econ Final Exam Review Dakotah And Darrin

9th Grade

39 Qs

1.5 Factors of Production

1.5 Factors of Production

11th Grade

40 Qs

Ch 1 : Introduction to MA

Ch 1 : Introduction to MA

12th Grade

45 Qs

Cost of Production

Cost of Production

10th - 12th Grade

35 Qs

Unit 3 - Macroeconomic concern

Unit 3 - Macroeconomic concern

University

35 Qs

Economics Quiz

Economics Quiz

Assessment

Quiz

Other

9th Grade

Easy

Created by

Muhammed Shaifer

Used 1+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is ABNORMAL PROFIT?

The surplus of revenue over costs enjoyed by a monopoly that is in excess of the profit the same firm could expect to earn if it faced competition for its market.

An economic condition of lacking both money and basic necessities needed to successfully live.

A measure of the number of people of working age as a proportion of the total population in a country who are able to read and write.

Firms which provide goods and business services for other firms.

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is ABSOLUTE POVERTY?

The surplus of revenue over costs enjoyed by a monopoly.

An economic condition of lacking money and basic necessities needed to live.

A measure of the number of people of working age who can read and write.

Firms that provide goods and business services.

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is the ADULT LITERACY RATE?

A measure of the number of people who can read and write in a country.

An economic condition of lacking both money and basic necessities.

The surplus of revenue over costs enjoyed by a monopoly.

Firms that provide goods and business services.

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What are ANCILLARY FIRMS?

Firms that provide goods and business services for other firms.

The surplus of revenue over costs enjoyed by a monopoly.

A measure of the number of people of working age who are able to read and write.

An economic condition of lacking both money and basic necessities.

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is APPRECIATION in economics?

An increase in the value of a floating exchange rate of a currency against one or more foreign currencies.

A decrease in the value of a currency.

The surplus of revenue over costs enjoyed by a monopoly.

An economic condition of lacking both money and basic necessities.

6.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What are ARTIFICIAL BARRIERS TO ENTRY?

Obstacles created by a powerful monopoly or oligopoly to restrict competition from new firms.

A measure of the number of people of working age who can read and write.

The surplus of revenue over costs enjoyed by a monopoly.

An economic condition of lacking money and basic necessities.

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is AVERAGE COST?

The cost per unit of output, calculated by dividing the total cost by the total volume of output.

The revenue per unit of output sold.

The total amount of income tax a person or firm pays.

The difference between the value of exports and imports.

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?