Exploring Economic

Exploring Economic

10th Grade

12 Qs

quiz-placeholder

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Exploring Economic

Exploring Economic

Assessment

Quiz

Others

10th Grade

Practice Problem

Hard

Created by

Fadel muhammad

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of economic actors?

Economic actors are individuals or entities that engage in economic activities.

Economic actors are only large corporations.

Economic actors are people who do not participate in the economy.

Economic actors are government entities that regulate markets.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of economic actor?

Government

Corporation

Charity

Individual

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the main types of economic actors.

Households, firms, and government

Banks, investors, and consumers

Multinational corporations, startups, and freelancers

Non-profits, charities, and unions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do households play in the economy?

Households are key consumers and providers of labor, driving demand and influencing economic activity.

Households do not influence market trends or prices.

Households primarily focus on saving money and avoiding spending.

Households are only responsible for government policy decisions.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic actor is responsible for producing goods?

Distributors

Consumers

Producers

Retailers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Give an example of a government function in the economy.

Providing free healthcare services

Regulation of financial markets

Tax collection from citizens

Issuing currency notes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of businesses in the economy?

To minimize competition among businesses.

To increase government regulations on trade.

The primary function of businesses in the economy is to produce goods and services.

To create monopolies in the market.

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