EPF U1 Quizs
Quiz
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Social Studies
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12th Grade
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Practice Problem
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20 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
producers
people or businesses that make goods or provide services
individuals who consume products
government entities that regulate markets
non-profit organizations that provide aid
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mixed Economy
producers and consumers decide prices
government sets all prices
prices are determined by international markets
only producers decide prices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
oligopoly
a market structure where a few businesses control almost all the products in that market
a market structure with many competitors and free entry
a market structure dominated by a single seller
a market structure where products are identical and prices are set by the market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
indicator
a type of measurement
something that provides information
a visual representation
a statistical analysis
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Traditional Economy
trade goods and services
rely on advanced technology
focus on mass production
emphasize global trade
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
monopoly
a market structure with one producer controls all products in that market
a market structure with many producers competing for the same market
a market structure where prices are set by consumer demand
a market structure with a few producers dominating the market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
monopolistic competition
A market structure with a single producer and identical products.
A market structure with many producers but differentiated products.
A market structure with few producers and identical products.
A market structure with many producers and no product differentiation.
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