
Economics
Quiz
•
others
•
12th Grade
•
Easy
Althea Magkilat
Used 2+ times
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Represent the producers of goods and services in the economy
Roles of the household sector
Roles of the business sector
Roles of the foreign sector
Roles of the government sector
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They provide the legal and social framework
Roles of the government sector
Roles of the household sector
Roles of the business sector
Roles of the foreign sector
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They provide labor as an input in the production process
Roles of the business sector
Roles of the government sector
Roles of the household sector
Roles of the foreign sector
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They buy goods and services from the business sector using their supply inputs' money
Roles of the government sector
Roles of the business sector
Roles of the foreign sector
Roles of the household sector
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is when a country cannot satisfy their needs effectively between the closed economy: household, business, and the government
Roles of the household sector
Roles of the business sector
Roles of the foreign sector
Roles of the government sector
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They provide correct for externalities and stabilize the economy
Roles of the business sector
Roles of the government sector
Roles of the household sector
Roles of the foreign sector
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a place in the market for goods and services where resources are bought and sold
Product market
Resource market
Mixed economy
Market economy/capitalism
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