Search Header Logo

EPF 3.2 Review

Authored by Marlee McNamee

Social Studies

9th Grade

Used 4+ times

EPF 3.2 Review
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do businesses tend to produce more products when they can sell them at higher prices?

To reduce production costs

To increase market competition

To maximize profits

To decrease demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some factors that can cause businesses to produce more or less?

Changes in consumer preferences

Changes in costs, new technology, or government taxes and help

Seasonal weather changes

Employee satisfaction levels

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is considered a consumer in economic terms?

A person looking to sell a good

A person looking to purchase a good

A person producing a good

A person distributing a good

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are producers in the context of supply?

People looking to purchase a good

People looking to consume a good

People looking to sell a good

People looking to store a good

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factors affect the ability of a business to produce?

Resources, Costs of Production, and Productivity

Marketing Strategies and Branding

Employee Satisfaction and Customer Feedback

Social Media Presence and Advertising

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to current supply if sellers expect higher future profits?

Increase current supply

Reduce current supply

Keep current supply constant

Eliminate current supply

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is likely to happen to the supply of milk if the price for dairy cows increases drastically?

The supply of milk will increase.

The supply of milk will decrease.

The supply of milk will remain the same.

The supply of milk will double.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?