economics rally

economics rally

9th - 12th Grade

79 Qs

quiz-placeholder

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economics rally

economics rally

Assessment

Quiz

History, Other Sciences

9th - 12th Grade

Medium

Created by

Carl Rudd

Used 20+ times

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79 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A general increase in prices
price
inflation
scarcity
demand

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The idea that resources are limited; we don't have an unlimited supply of what we want
scarcity
supply
demand
inflation

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The exchange of goods and services
trade
market
economics
consumer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which decisions on productions and consumption are made by a central government:
Command
Market
Traditional
Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The USA has mostly a _____________ economy.
Command
Traditional
Mixed
Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most communist countries have a _______________ economy.
Command
Market
Traditional
Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The point at which supply and demand are equal for a product is known as 
the demand curve
the supply curve
the market price
supply and demand are never equal

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