Chapter 2 The Price System and the Microeconomy Key Terms Quiz
30 Qs
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Chapter 2 The Price System and the Microeconomy Key Terms Quiz
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Cheryl Massey
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The means of allocating resources in a market economy .
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where buyers and sellers get together to trade .
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The quantity of a product that consumers are willing and able to buy at different prices.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When two goods are consumed together.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Represents the relationship between the quantity demanded and price of a prouct.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The data from which a demand curve is drawn.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One whose demand increases as income increases.
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