Unit 3 Vocab
Authored by Alison Lieffers
Financial Education
9th - 12th Grade
Used 5+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Legal maximum price for a product
Variable Input
Equilibrium
Price Ceiling
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A resource or factor of production that CAN be changed by a firm
Complement
Variable Input
Supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The combination of quantities that someone would be willing and able to buy over a range of possible prices given at that very moment
Price Floor
Variable Input
Demand
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Two items that are bought and used together
(a)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The point where supply and demand meet
"sweet spot"
Disequilibrium
Demand
Equilibrium
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Competing goods that can be used in place of another
(a)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total amount of a specific good or service
Supply
Equilibrium
Variable Input
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