Microeconomics

Microeconomics

Assessment

Flashcard

History

11th Grade

Hard

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18 questions

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1.

FLASHCARD QUESTION

Front

A study of economics in terms of individual areas of activity or single factors.

Back

Microeconomics

2.

FLASHCARD QUESTION

Front

This diagram shows the characteristics and/or relationships between households and businesses in the economy.

Back

Circular Flow Diagram

3.

FLASHCARD QUESTION

Front

Demand is the quantity the _____________ is willing to buy

Back

Consumer

4.

FLASHCARD QUESTION

Front

Supply is the quantity the __________ is able to sell at a price.

Back

Producer

5.

FLASHCARD QUESTION

Front

Quantity of the goods that the buyers are able matches the quantity being sold.

Back

Equilibrium Price

6.

FLASHCARD QUESTION

Front

The seesaw is an example of which law?

Back

Law of Demand

7.

FLASHCARD QUESTION

Front

The elevator is an example of which law?

Back

Law of Supply

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