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
Demand-Side Policies

Quiz
•
11th - 12th Grade
18 questions
Chapters 1-3

Quiz
•
9th - 12th Grade
18 questions
Stamford Econ to 2.3

Quiz
•
9th Grade - University
18 questions
Global Economy Review

Quiz
•
10th - 12th Grade
21 questions
Economics Unit 1 Vocabulary Quiz

Quiz
•
9th - 12th Grade
15 questions
Principles of Business Chapter 1

Quiz
•
9th - 12th Grade
15 questions
DECA Marketing Exam Practice (2017 20-34)

Quiz
•
9th - 12th Grade
19 questions
Market equilibrium

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade