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Markets

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

Which of the following can't be seen as a market?

a)

Bank

b)

JSE

c)

Farmer's market

d)

An Excluded beach

2.

The two types of markets we find in economics is the Goods and service market and the Factor market.

a)

True

b)

False

3.

Which of the following is NOT a factor market?

a)

Labour market

b)

Capital market

c)

Money market

d)

Goods market

4.

In which market will businesses sell the items the produce?

a)

Goods market

b)

Factor market

5.

In which market will households sell their labour they own?

a)

Factor market

b)

Goods market

6.

What is a group of people who want a product and are able to buy it?

a)

Market

b)

Producer

c)

Business market

d)

Consumer market

7.

Which consists of customers who buy products for their own use?

a)

Business market

b)

Consumer market

8.

Which is not a characteristic of a market?

a)

They need or want the product

b)

They are not willing to buy the product

c)

They are able to buy the product

d)

They have the authority to buy the product

9.

What does JSE in economic terms stand for?

a)

Johannesburg stock exchange

b)

Java Standard Edition

c)

Journal of Special Education

d)

Japanese Society of Endourology

10.

If you buy a lawnmower to use in a lawn service, it is a part of which market?

a)

Business

b)

Consumer