Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
ECON - Unit 3A
Test Description: SSEMI1, SSEMI2ab
Instructions: Answer all questions to get your test result.
1) The model used to show the relationship between households and businesses... is called:
A
a price ceiling
B
the law of demand
C
a price floor
D
circular flow
2) In circular flow, households own the resources and:
A
###
B
sell them to businesses
C
####
D
buy them from businesses
3) In circular flow, businesses produce goods and services... and:
A
###
B
sell them to households
C
buy them from households
D
####
4) According to circular flow, receiving a paycheck after performing work would be a part of:
A
the resource (factor) market
B
the product market
C
###
D
####
5) An increase in the price of peanut butter causes a decrease in the demand for jelly. These two products are:
A
compliments
B
normal goods
C
inferior goods
D
substitutes
6) The quantity of a good or service that a consumer is willing and able to buy at each price... is called:
A
####
B
###
C
demand
D
supply
7) According to the law of demand, as the price of a good rises... the quantity that consumers are willing able to pay will...
A
fluctuate up and down
B
stay the same
C
increase
D
decrease
8) On a graph, a shift to the right in the demand curve indicates:
A
an increase in demand
B
####
C
###
D
a decrease in demand
9) Since the price of butter is increasing, the demand for margarine is increasing. Butter and margarine are examples of:
A
####
B
###
C
complements
D
substitutes
10) Substitutes, complements, and consumer expectations are examples of:
A
government actions
B
product markets
C
consumers
D
determinants of demand
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?