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Economics Supply and Demand Test

Authored by Jamie Nash-Mayberry

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Used 1+ times

Economics Supply and Demand Test
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46 questions

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1.

OPEN ENDED QUESTION

30 sec • Ungraded

What is your name?

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2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

For each definition, select the correct term from the dropdown choices. A. Helps explain how individual economic decisions are made

Microeconomics
Demand
Supply
Subsidy
Profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

For each definition, select the correct term from the dropdown choices. B. Quantities of a good or service that producers are willing to sell at all possible market prices

Supply
Demand
Subsidy
Profit
Marginal Utility

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

For each definition, select the correct term from the dropdown choices. C. Deals with the economy as a whole and decision making by large units such as governments

Macroeconomics
Demand
Supply
Subsidy
Profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

For each definition, select the correct term from the dropdown choices. D. Additional satisfaction that is derived from each unit received

Marginal Utility
Demand
Supply
Subsidy
Profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

For each definition, select the correct term from the dropdown choices. E. Occurs whenever we do not have enough resources to produce all the things we would like to have

Scarcity
Demand
Supply
Subsidy
Profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

For each definition, select the correct term from the dropdown choices. F. A government payment to an individual, business, or other group for certain actions

Subsidy
Demand
Supply
Profit
Marginal Utility

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