
Economics Quiz

Quiz
•
others
•
9th Grade
•
Hard
Katie Pett
Used 1+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price elasticity of demand for a good is -0.8, what happens to total revenue when the price increases?
Total revenue remains unchanged
Total revenue decreases
Total revenue increases
It depends on the size of the price increase
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following activities would be included in the tertiary sector of an economy?
Car manufacturing
Fish market
Housebuilding
Insurance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following correctly states the rewards to land and entrepreneurship?
Rent and profit
Interest and profit
Wages and profit
Wages and rent
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a barrier to entry in opening a clothes shop in a town centre?
Qualifications required by staff
A lack of competition
Brand loyalty to established shops
Inelastic demand for clothes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If there is excess demand in a market, then
Price will rise to meet demand
Consumers will demand more of the product
Price will fall to reach equilibrium
Producers will continue to supply to the market at the current rate
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The merger between Vodafone and Three has been given the go ahead. This means there are very few providers of mobile networks. This is an example of:
An oligopolistic market
A factor of production
Opportunity cost
An increase in capital goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of a fixed cost?
Commission paid to workers
Raw materials
Electricity
Rent
Create a free account and access millions of resources
Similar Resources on Wayground
14 questions
FA-5.0 Unit Test Intro to Investing & Exponential Functions

Quiz
•
9th Grade
10 questions
Econ Quiz Two

Quiz
•
9th Grade
15 questions
Global Change

Quiz
•
9th Grade
14 questions
market power

Quiz
•
9th - 12th Grade
14 questions
Simple and Concise CFA

Quiz
•
9th - 12th Grade
10 questions
Your World A to Z October 4, 2024

Quiz
•
9th - 12th Grade
11 questions
FINE PRINT: Financial Aid Package

Quiz
•
9th - 12th Grade
14 questions
BOR: Chapter 4

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
15 questions
PRIDE

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
22 questions
6-8 Digital Citizenship Review

Quiz
•
6th - 8th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
Discover more resources for others
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Lab Safety and Lab Equipment

Quiz
•
9th - 12th Grade
24 questions
Scientific method and variables review

Quiz
•
9th Grade
20 questions
Getting to know YOU icebreaker activity!

Quiz
•
6th - 12th Grade