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The economy & Corona-virus

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

"An area of the production, distribution and trade as well as consumption of goods and services by different agents" is a(n):

a)

Demand

b)

Supply

c)

Economy

d)

NONE OF THE ABOVE

2.

In economy, materials that satisfy human wants and provide utility to a consumer are called:

a)

Supplies

b)

Services

c)

Goods

d)

ALL OF THE ABOVE

3.

A transaction in which no physical goods are transferred from the seller to the buyer is a(n):

a)

Service

b)

Good

c)

Demand

d)

Supply

4.

The quantity of a good that consumers are willing and able to purchase at various prices during a given period of time is a(n):

a)

Service

b)

Good

c)

Supply

d)

Demand

5.

The amount of a resource that firms, producers, laborers, providers or other economic agents are willing and able to provide to the marketplace is a(n):

a)

Supply

b)

Good

c)

Service

d)

Demand

6.

The monetary value of all finished goods and services made within a country during a year is its:

a)

General Budget

b)

GDP

c)

GDP per capita

d)

ALL OF THE ABOVE

7.

What approximate annual rate did the United States' economy shrink in the first three months of 2020 due to the Covid-19?

a)

2%

b)

5%

c)

10%

d)

20%

8.

As of today, which country, after USA, has the highest amount of confirmed Corona-virus cases?

a)

UK

b)

Italy

c)

Spain

d)

France

9.

As of today, which country, after USA, has the highest amount of confirmed deaths from Corona-virus infection?

a)

UK

b)

Italy

c)

Spain

d)

France

10.

As of today, which Latin-american country has the highest amount of confirmed Corona-virus cases?

a)

Peru

b)

Brazil

c)

Mexico

d)

Dominican Republic