liemae

liemae

1st - 12th Grade

22 Qs

quiz-placeholder

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liemae

liemae

Assessment

Quiz

Biology, Physics, Business

1st - 12th Grade

Medium

Created by

Liemae Racelis

Used 2+ times

FREE Resource

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If there are two goods with positive prices and the price of one good is reduced, while income and other prices remain constant, then the size of the budget set is reduced.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which point on the curve is an efficient use of resources?

F

D

E

A

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which point on the curve is an efficient use of resources?

F

D

E

A

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

According to the chart, what do household exchange in the Product market for finished products?

Consumption Expenditures

Cost

Goods and services

Productive Resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

According to the chart above, what do businesses receive from the factor market?

Goods and Services

Finished Goods

Income

Factors of Production

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

According to the chart, what do businesses do with the productive resources they purchase?

make finished goods and services and sell them in the product market

make finished goods and services and sell them in the factor market

make productive resources and sell them in the product market

use them to gain a tax credit with the government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

According to the chart, what do businesses do with the productive resources they purchase?

make finished goods and services and sell them in the product market

make finished goods and services and sell them in the factor market

make productive resources and sell them in the product market

use them to gain a tax credit with the government

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