Week 8 Assessment

Week 8 Assessment

16 Qs

quiz-placeholder

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Week 8 Assessment

Week 8 Assessment

Assessment

Quiz

others

Practice Problem

Medium

Created by

Michael Becker

Used 1+ times

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16 questions

Show all answers

1.

OPEN ENDED QUESTION

30 sec • Ungraded

Name:

Evaluate responses using AI:

OFF

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The system in which we exchange goods, services, and money within a society is call a (an)?

Monopoly
Fifedom
Economy
Business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of goods or services available for sale?

demand
supply
trade
selection

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the desire of a consumer or buyer to purchase certain goods or services?

demand
trade
supply
interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that two things are dependent upon each other is called?

Penalty
Interdependence
Coupled
Matched

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The buying and selling of goods and services that takes place in an economy is called?

taxes
supply
deficit
trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when the value of a country's exports exceeds the expense of its imports (i.e. more exports than imports)?

Trade deficit (trade gap)
Demand
Economy
Trade Surplus

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