an arrangement that bring sellers and buyers together for economic transactions
Market and Trade

Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Yesenia Hidalgo
Used 10+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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