What role do households play in the economy?
Basic Economic Concepts

Quiz
•
Business
•
11th Grade
•
Medium
Adam Hunt
Used 42+ times
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Regulators of markets
Consumers and suppliers of labor
Providers of public goods
Sellers of government bonds
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main function of businesses in the economy?
Enforcing laws
Providing goods and services
Regulating trade
Printing money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP measure?
Unemployment rates
Total value of goods and services produced in a country
Inflation over time
Government spending
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is GDP important?
It sets tax rates for businesses.
It informs government policy and measures economic performance.
It determines inflation.
It reflects the federal budget.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a primary cause of inflation?
A decrease in government spending
Increase in money supply
Reduction in taxes
Higher exports
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one effect of inflation?
Increased purchasing power
Decline in the cost of living
Decreases purchasing power
Reduction in tax rates
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the business cycle is characterized by economic growth and rising employment?
Trough
Expansion
Peak
Contraction
Create a free account and access millions of resources
Similar Resources on Quizizz
18 questions
Economics - Chapter 3 Review

Quiz
•
10th - 11th Grade
17 questions
Inflation

Quiz
•
11th Grade
20 questions
inflation

Quiz
•
11th Grade - University
15 questions
Macro Review

Quiz
•
11th Grade
17 questions
Introduction to Business Chapter 1

Quiz
•
9th - 12th Grade
20 questions
Chapter 3: Economics 101

Quiz
•
9th - 12th Grade
20 questions
Personal Finance Chapter 3

Quiz
•
9th - 12th Grade
20 questions
Role of Government

Quiz
•
9th Grade - University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Business
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
10 questions
Right Triangles: Pythagorean Theorem and Trig

Quiz
•
11th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade