Market and Trade

Market and Trade

9th - 12th Grade

9 Qs

quiz-placeholder

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Market and Trade

Market and Trade

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Yesenia Hidalgo

Used 10+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an arrangement that bring sellers and buyers together for economic transactions

supply

demand

market

equilibrium price

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the price at which the quantity supplied in the market matches the quantity demanded in the market

equilibrium price

absolute advantage

comparative advantage

specialization

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  •  a market structure characterized by very few producers supplying similar products with high barriers to entry in the market

monopoly

oligopoly

monopolistic competition

pure competition

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  • a market structure characterized by one producer with a unique product and very high barriers to entry in the market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  •  the development of skills and knowledge associated with one job or one area of expertise

market

supply

demand

specialization

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • condition that occurs when someone can produce goods and services cheaper than another other producers

equilibrium price

absolute advantage

comparative advantage

specialization

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  • the total amount of goods and services consumers are willing to buy at various prices

8.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  • the development of skills and knowledge associated with one job or one area of expertise

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a market structure characterized by many producers supplying similar but varied products with few barriers to entry to the market

pure competition

monopolistic competition

oligopoly

monopoly