The government should get involved in the economy to ensure worker safety through laws. What is the role of these laws?
U2L3a HW Econ on Quizizz

Quiz
•
Business
•
9th - 12th Grade
•
Easy
Darek Tillman
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
To protect workers from unsafe working conditions
To increase government revenue
To promote international trade
To reduce government spending
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The government should get involved in the economy when:
there is a need to regulate industries like barber shops through licenses.
the economy is performing well without any issues.
private businesses are thriving without any government support.
there is no need for any regulations or licenses.
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The government should get involved in the economy when:
there is a need to regulate monopolies.
the market is perfectly competitive.
there is no unemployment.
inflation is at 0%.
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is a market failure?
A situation where the allocation of goods and services is not efficient
A situation where the market operates perfectly
A situation where there is no government intervention
A situation where supply always meets demand
5.
OPEN ENDED QUESTION
15 mins • 1 pt
What is one of the four market failures?
Evaluate responses using AI:
OFF
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Explain the concept of public goods as a market failure.
Public goods are non-excludable and non-rivalrous, leading to underproduction in a free market.
Public goods are excludable and rivalrous, leading to overproduction in a free market.
Public goods are non-excludable and rivalrous, leading to efficient production in a free market.
Public goods are excludable and non-rivalrous, leading to underproduction in a free market.
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Externalities in the context of market failures are:
unintended side effects that affect third parties
government interventions in the market
price controls imposed by authorities
natural monopolies
Create a free account and access millions of resources
Similar Resources on Wayground
20 questions
Market Failure

Quiz
•
7th Grade - University
15 questions
Roles of Government

Quiz
•
8th Grade - University
20 questions
Economics

Quiz
•
9th Grade
20 questions
Principles of Business

Quiz
•
12th Grade
20 questions
POB Chapter 1.3 Review

Quiz
•
9th - 12th Grade
20 questions
Understanding Market Economy Principles Video Quiz

Quiz
•
12th Grade
17 questions
Business Environments

Quiz
•
10th - 12th Grade
20 questions
Chapter 5 -MARKET ECONOMY SYSTEM

Quiz
•
12th Grade
Popular Resources on Wayground
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
Discover more resources for Business
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
37 questions
Camp Re-cap Week 1 (no regression)

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

Quiz
•
10th Grade