
Global Economics
Authored by Stephenie LeJeune
History
8th Grade
Used 8+ times

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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does competition in Economics mean?
When businesses try to win customers.
When businesses work together to set prices.
When customers avoid buying products.
When the government controls all businesses.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of competition?
Higher prices
Fewer choices for consumers
Better-quality goods and services
Lower quality products
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does competition affect prices for consumers?
It increases prices
It keeps prices the same
It lowers prices
It makes prices unpredictable
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does competition provide to consumers besides better quality and lower prices?
More variety and choice
Less variety and choice
Fewer options
Higher costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a way the US government promotes competition?
Establishing and enforcing antitrust laws.
Increasing taxes on businesses.
Limiting the number of new businesses.
Discouraging global trade.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one policy the US government enacts to promote competition?
Enacting policies that encourage global trade
Banning all imports
Creating monopolies
Raising tariffs on all goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the US government support new businesses to promote competition?
Supporting business start-ups
Shutting down small businesses
Only funding large corporations
Restricting business licenses
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