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Market Terms

Authored by John Robinson

Social Studies

12th Grade

Market Terms
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_______ is an agreement to buy or sell at a specific date in the future at a predetermined price

equities

futures contract

bond

savings

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

based on supply and demand with little or no government control

traditional economy

mixed economy

command economy

free market economy

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the branch of knowledge concerned with the production, consumption, and transfer of wealth

economics

scarcity

resources

choice

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Identify which items below are correctly matched.

Labor sold by households = Resource Market

Labor sold by households = Product Market

Computers sold by businesses = Product Market

Computers bought by households = Product Market

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

In terms of products, what do businesses provide for households?

private goods

public goods

sales

income

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

TRUE or FALSE: A store can be in both the Resource Market and the Product Market.

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for a market structure characterized by a single seller, selling a unique product in the market?

A) Oligopoly

B) Monopoly

C) Monopsony

D) Perfect Competition

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