Unit 1 Test Review (EPF)

Unit 1 Test Review (EPF)

10th Grade

11 Qs

quiz-placeholder

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Unit 1 Test Review (EPF)

Unit 1 Test Review (EPF)

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Joshua Strickland

Used 15+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a town has only one gas station then the market for gas in that town is in which market structure?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5 cell phone makers control about 85% of the market for cell phones so they are in what market structure:

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ton of companies make clothing but some brands are able to charge more because of perceived status or quality. this puts them in which market structure

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market structure has the MOST competition in the marketplace?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a market has more competition between firms in the market what will happen to price for the product in that market?

It will rise

It will fall

stays the same

Unknowable

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following phase of business cycle would you expect to see the unemployment rate increasing?

Expansion

Contraction/recession

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following phase of business cycle would you expect to see productivity declining?

Expansion

Contraction/recession

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