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Jeopardy
Test Description: Test
Instructions: Answer all questions to get your test result.
1) define consumer
A
a person who sells services
B
a person who sells goods
C
a person who buys goods and services
D
a person who make goods
2) define producer
A
organizations that determine prices of a product
B
lower price
C
higher prices
D
products
3) how many vocab words are in this section
A
7
B
3
C
5
D
1
4) define demand
A
cons of products
B
benefits of products
C
quality of the products
D
quantity of one good or service
5) define supply
A
quality of a products
B
product
C
quantity of a good or service that businesses are willing and allow to provide
D
quality of job
6) what are the factors to determine a price
A
relationship between supply and demand
B
net worth
C
interest
D
relationship between services and goods
7) define competitors
A
shower
B
sharing customer
C
businesses offering very similar products to the same customers.
D
natural resource
8) define supply curve
A
illustrates the relationship between the price of the product and the quantity businesses will supply
B
wrong answer
C
wrong answer
D
wrong answer
9) what is market price
A
wrong answer
B
wrong answer
C
the point where supply and demand are equal
D
wrong answer
10) which isn't a vocab word
A
wrong answer
B
wrong answer
C
wrong answer
D
gross
*select an answer for all questions
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