Global Business - Economics
Authored by Nancy Pintz
Other
10th - 12th Grade
Used 83+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A buyer's willingness and ability to pay a price for a specific quantity of a good or service.
demand
supply
market
inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Relationship between the amount of a resource that is available and the price.
demand
supply
market
inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The point at which supply and demand cross.
inflation point
supply point
market price
crosspoint
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in the average prices of goods and services in a country.
deflation
inflation
market price
demand price
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price of silicon used to make computer chips increases is what type of inflation?
cost-push inflation
demand-pull inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government prints more money to pay its expenses is what type of inflation?
cost-push inflation
demand-pull inflation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumer borrow more to buy additional goods and services is what type of inflation?
cost-push inflation
demand-pull inflation
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