Economics Chapter 6 - 7

Economics Chapter 6 - 7

7th - 9th Grade

7 Qs

quiz-placeholder

Similar activities

Estonia

Estonia

7th - 9th Grade

9 Qs

圖書分級與媒體識讀 學習單

圖書分級與媒體識讀 學習單

7th Grade

12 Qs

Christmas Vocabulary (French)

Christmas Vocabulary (French)

7th Grade

10 Qs

RELOJ VIRTUAL

RELOJ VIRTUAL

8th Grade

9 Qs

VII.ASB PENDIDIKAN PANCASILA

VII.ASB PENDIDIKAN PANCASILA

8th Grade - University

10 Qs

Transport International

Transport International

1st - 12th Grade

10 Qs

Grade 7 Moral Education - what have we learnt?

Grade 7 Moral Education - what have we learnt?

7th Grade

10 Qs

FORUM PERDANA EHWAL ISLAM: MENJUNJUNG KASIHMU RASULULLAH

FORUM PERDANA EHWAL ISLAM: MENJUNJUNG KASIHMU RASULULLAH

1st Grade - Professional Development

10 Qs

Economics Chapter 6 - 7

Economics Chapter 6 - 7

Assessment

Quiz

Other, Social Studies

7th - 9th Grade

Hard

Created by

Theresia Lindha Widya Sari

Used 8+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which feature is a characteristic of a market economy?

Government planning plays a key role in the economy

Producers respond automatically to changes in consumers demand

Resources are allocated according to need

There is always full employment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A country changes from a planned to a market economy. What effect will this have?

A decrease in government officials

A decrease in the role of the price mechanism

An increase in government ownership of resources

An increase in the output of public goods

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the role of the price mechanism in a market economy?

To allocate scarce resources

To increase the provision of merit goods

To make the distribution of goods and services more equal

To reduce the negative disadvantages of production and consumption

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is measured on the horizontal axis of a demand curve?

Cost

Price

Supply

Quantity

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What could cause the movement from point X to point Y?

A change in weather

A decrease in income

A rise in the price of chocolate

A special event is coming up

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which pair shows that the products are complementary goods?

Media Image
Media Image
Media Image
Media Image

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What product that the demand will decrease when the consumers' income rises?

Substitute goods

Complementary goods

Normal goods

Inferior goods