5 Quizzes by Midnighthorror


Classic
Quiz General knowledge
General knowledge
 7 QUESTIONS
Q1. What is demand?
A) A want for a certain product that all people have
B) How much of a product a consumer wants and is able to buy
C) How much of product gets made
Q2. Which of the following topics relates to the satisfaction a person gets from consuming a product?
A) Law of Demand
B) The Law of Supply and Demand
C) The Law of Diminishing Marginal Utility
Q3. Which of the following is not a factor of demand?
A) Price of resources used to make product
B) Consumer expectations
C) The amount of buyers in the area

Unit Three - Supply & Demand

236 played - 13 yrs ago

Quiz on supply & demand

Hard QUIZ 7 QUESTIONS
MidnightHorror
MidnightHorror
hard
Classic
Quiz General knowledge
General knowledge
 7 QUESTIONS
Q1. What is an advantage of having a sole proprietorship?
A) Unlimited life
B) Profits are taxed twice
C) Complete control
Q2. Which is not a disadvantage of a partnership?
A) Many government regualtions
B) Unlimited personal liability
C) Profits must be shared
Q3. What is an advantage of both a sole proprietorship and a partnership?
A) Easy to start
B) Easy to attract workers
C) Pride of ownership

Unit Five - Businesses

8 played - 13 yrs ago

A quiz about business types.

Hard QUIZ 7 QUESTIONS
MidnightHorror
MidnightHorror
hard
QCM
Quiz General knowledge
General knowledge
 7 QUESTIONS
Q1. What is the basic problem that economics addresses?
A) Greedy people
B) Scarcity
C) Too many people to produce for
D) Not enough money
Q2. Choose all of the natural resources from the list below.
A) Air
B) Soil
C) Gasoline
D) Water
Q3. Which of the following is an example of a good?
A) Haircut
B) Movie in a movie theater
C) Paper
D) Drumming lesson

Unit One - Introduction to Economics

800 played - 13 yrs ago

A quiz for economics

Hard QCM 7 QUESTIONS
MidnightHorror
MidnightHorror
hard
Classic
Quiz General knowledge
General knowledge
 7 QUESTIONS
Q1. Which of the following is not a question a society must answer to decide the economic system?
A) What will get produced?
B) For whom are the products produced?
C) Why are the products getting produced?
D) How are the products going to get produced?
Q2. What kind of economy does Canada have?
A) Market
B) Traditional
C) Command
D) None
Q3. Which economy does not allow for technological advancements?
A) Market
B) Traditional
C) Command
D) None

Unit Two - Economic Systems

20 played - 13 yrs ago

A quiz designed for unit two in economy.

Hard QUIZ 7 QUESTIONS
MidnightHorror
MidnightHorror
hard
Classic
Quiz General knowledge
General knowledge
 7 QUESTIONS
Q1. Which of these is not a responsibility of the state government?
A) Enforce laws
B) Fund public education
C) Police protection
Q2. When talking about the current national budget, which of the following is true?
A) There is a deficit.
B) There is a surplus.
C) There is a balance of money.
Q3. Which of the following is an example of a progressive tax?
A) Federal Income Tax
B) Social Security over $110, 000 income
C) State tax

Unit Four - Government Policy and the Economy

16 played - 13 yrs ago

A quiz for government policy and the economy

Hard QUIZ 7 QUESTIONS
MidnightHorror
MidnightHorror
hard