Social Goals and Market Efficiency Quiz

Social Goals and Market Efficiency Quiz

11th Grade

14 Qs

quiz-placeholder

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Social Goals and Market Efficiency Quiz

Social Goals and Market Efficiency Quiz

Assessment

Quiz

Social Studies

11th Grade

Hard

Created by

Sahar Mansour

Used 3+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a price ceiling?

A limit on how low a price can go

A limit on how high a price can go

A type of loan

A payment to farmers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does minimum wage refer to?

The average wage in a state

The lowest amount a worker can earn

The highest amount a worker can earn

The wage for government jobs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a price floor?

A government subsidy

A type of tax

A limit on how low a price can go

A limit on how high a price can go

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a target price?

A price that changes daily

A price that is always the same

A price that farmers aim to receive

A price set by the government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a nonrecourse loan?

A loan that does not require repayment

A loan for buying a house

A loan that must be paid back

A loan with high interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a deficiency payment?

A payment to cover losses

A payment for rent

A payment for services rendered

A payment for taxes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does arbitrarily mean?

Carefully planned

Based on a clear rule

Randomly or without reason

Based on a law

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