Consumer Final Review FA24
Quiz
•
Specialty
•
12th Grade
•
Practice Problem
•
Easy
Joshua Mayer
Used 5+ times
FREE Resource
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39 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decisions about what to produce, how and for whom are decided by a central government
Command Economy
Traditional Economy
Market Economy
Mixed Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An advantage to this type of economy is the profit incentive
Command Economy
Traditional Economy
Market Economy
Mixed Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most countries have this type of economy
Command Economy
Traditional Economy
Market Economy
Mixed Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The underlying problem of economics: limited resources, unlimited wants
Surplus
Shortage
Scarcity
Equilibrium
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is equilibrium price on the graph?
25
50
62.50
80
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At a price of $100, there would be a:
Surplus
Shortage
Equilibrium
Deficit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of fiscal policy?
Raise or lower the discount rate
Raise or lower reserve requirement
Raise or lower taxes
Open Market Operations
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