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EPF U1 Quizs

Authored by Wayground Content

Social Studies

12th Grade

Used 1+ times

EPF U1 Quizs
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20 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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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

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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

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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

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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

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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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