Economics Midterm Review (Part 3)

Economics Midterm Review (Part 3)

University

68 Qs

quiz-placeholder

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Economics Midterm Review (Part 3)

Economics Midterm Review (Part 3)

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Yannis Jesus

Used 3+ times

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68 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

___ are groups of buyers and sellers of a good or service

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

___ determines demand

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

___ determines supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Markets where buyers and sellers meet at a specific place and time

Command Market

Highly organized market

Less organized market

Market market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Markets where varied and multiple sellers posts their price and a buyer decides what to buy

Command Market

Highly organized market

Less organized market

Market market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What form of market is listed below:

Auction of Rare Paintings

Highly organized market

Less organized market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What form of market is listed below:

Grocery Store

Highly organized market

Less organized market

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