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WorksheetsGROUP 3 (3.1 Application of Supply and Demand)
Total questions: 10
Worksheet time: 8mins
What is the desire to own something and the ability to pay for it called?
supply
allocation
demand
capital
In the labor market, the suppliers are the
workers
households
producers
none the above
The demand curve for housing is
downward sloping
upward sloping
horizontal
vertical
Based on 2001 - 2011 data, there is a surplus of
socialized housing
economic housing
low cost housing
mid cost housing
what is the overall effect of population growth on the labor market?
The higher population growth increases the supply of labor.
The higher population growth decreases the supply of labor.
Supply
Demand
Agency
Market
Buyers
Sellers
Suppliers
Store owners
It represents the cost of using or borrowing money.
Income
Expenses
Interest rate
Loanable Fund
The price of the currency exchange is called?
Money
Currency
Exchange rate
none of the above
