Microeconomics Quiz
Authored by Jeff Searcy
Social Studies
12th Grade
Used 1+ times
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57 questions
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1.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
The exchange that takes place in the Factor (resource) Market is _____
2.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
The exchange that takes place in the Product Market is _____
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Draw and label a circular flow graph.
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4.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
Households and businesses are interdependent because _____.
5.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain how the flow of money and the flow of goods and services among businesses and households occur.
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6.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
Money is a medium of _____.
7.
OPEN ENDED QUESTION
3 mins • 1 pt
What are some of the functions of money? (include the three we discussed in class)
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