Economics (Special Quiz)

Economics (Special Quiz)

11th Grade

37 Qs

quiz-placeholder

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Economics (Special Quiz)

Economics (Special Quiz)

Assessment

Quiz

Financial Education

11th Grade

Hard

Created by

Desiree Campos

Used 1+ times

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37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of a market?

To regulate economic policies

To facilitate the exchange of goods and services

To monitor consumer spending

To establish government budgets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term refers to the point where supply and demand meet?

Market gap

Equilibrium price

Opportunity cost

Competitive edge

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a monopolistic market?

Agricultural market

Utilities like electricity

Currency exchange

Retail clothing brands

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does competition in a market encourage?

Higher prices

Better quality products

Less consumer choice

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in consumer demand generally leads to:

Increased prices

Decreased supply

Increased wages

Higher taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of producers in a market?

To dictate consumer preferences

To supply goods and services

To control price inflation

To demand resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of market structure?

Perfect competition

Monopoly

Trade union

Oligopoly

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