Unemployment Rate
Economics Terms and Definitions

Quiz
•
Social Studies
•
7th Grade
•
Easy
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the percentage of the nation's labor force who are not working
the total number of people employed in a country
the ratio of job openings to job seekers
the average duration of unemployment for job seekers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
fraud
wrongful or criminal deception intended to result in financial or personal gain
an honest mistake that leads to financial loss
a legal transaction that benefits both parties
the act of providing false information for a legitimate purpose
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Human Capital
the physical assets owned by a company
the financial resources available for investment
the knowledge and skills that workers acquire through education, training, and experience
the technological tools used in production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross Domestic Product
the total value of goods produced and services provided in a country during one year.
the total amount of money spent by consumers in a year.
the total value of exports minus imports in a country.
the total number of goods produced in a country regardless of their value.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand
Consumer willingness and ability to buy products
The total quantity of goods available in the market
The amount of money consumers are willing to spend
The level of production by manufacturers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tariff
a tax on imports or exports
a subsidy for local businesses
a fee for exporting goods
a tax on income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Standard of Living
A minimum of necessities, comforts, or luxuries held essential to maintaining a person or group in customary or proper status or circumstances
The average income of a population
The level of education and healthcare available to a community
The amount of leisure time available to individuals
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