What is a common misconception about price levels?

Understanding Price Levels and Currency Dynamics

Interactive Video
•
Business, Economics, Social Studies
•
9th - 12th Grade
•
Hard

Ethan Morris
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They are affected by international trade.
They are controlled by consumer preferences.
They are influenced by government policies.
They are determined by the amount of money available.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the two main players in the island economy?
A farmer and a landlord/builder
A fisherman and a trader
A teacher and a student
A banker and a merchant
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the farmer initially want from the landlord?
A new tractor
A piece of land
A nice building for his family
A loan for seeds
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the landlord respond to the farmer's optimism?
By asking for more gold coins
By refusing to build more
By offering a discount
By providing free services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the farmer offer to pay for more buildings?
Five gold coins
Two gold coins
Four gold coins
Three gold coins
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the landlord ask for more payment from the farmer?
Because of a new tax
To hire more workers
Due to increased workload
To buy more land
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the landlord want from the farmer in return for more buildings?
More workers
More land
More gold coins
More food
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