DEMO QUIZ

Factor market is also referred to as:

• Labor market
• Capital market
• Product market
• Resource market

Economic growth is defined as an increase in:

• the amount of government spending
• the production of goods and services
• the level of unemployment
• the distribution of wealth

The primary function of the factor market is to:

• distribute wealth among consumers

• regulate prices of commodities

• provide resources for production

• facilitate trade of finished goods

Which of the following is a key indicator of economic growth?

• Inflation rate

• Interest rates

• Trade balance

• Gross Domestic Product (GDP)

In economics, the term 'labor market' refers to:

• the market for employment opportunities

• the market for goods and services

• the market for natural resources

• the market for financial assets