What do economists call the intersection of a Demand curve and a Supply curve?
POBF - 2020 Final Exam Review

Quiz
•
Business
•
9th - 12th Grade
•
Medium
L Mungin
Used 177+ times
FREE Resource
82 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shortage
Surplus
Equilibrium Price
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
A business that begins selling winter holiday decorations in late autumn is creating __________ utility.
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following items would be considered a non-economic want:
walk
car
new clothes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand is the quantity of a good or service that buyers are ready to buy at a given price at a particular time.
False
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The three economic questions each organization must answer are:
1. What should be produced?
2. How should it be produced?
3. ___________________________?
Where should it be produced?
For whom should it be produced?
When should it be produced?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tangible objects that can be manufactured or produced for resale are called ___________.
Goods
Wants
Needs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A local dry cleaner that also launders and presses shirts is selling ___________________.
consumer services
specialty goods
Create a free account and access millions of resources
Similar Resources on Wayground
80 questions
Understanding Balance Sheets

Quiz
•
10th Grade - University
85 questions
Accounting Fundamentals

Quiz
•
9th - 12th Grade
81 questions
Enterprise and Marketing - Learning Outcome 3: Understand product development

Quiz
•
9th - 11th Grade
78 questions
AQA GCSE Business in the Real World Revision

Quiz
•
9th Grade
77 questions
Office Procedures Review Questions

Quiz
•
12th Grade
84 questions
Business Exploration Review

Quiz
•
9th Grade
85 questions
Sports Marketing Fall 24 Final Exam Review

Quiz
•
9th - 12th Grade
77 questions
Managing HR and Labor Relations - Home Version

Quiz
•
10th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Business
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade