1) The rate of increase in prices over a given period of time. a) Inflation b) Interest c) Scarcity d) Basic e) Lorax f) Economy 2) The gap between limited resources and theoretically limitless wants a) Inflation b) Lobbying c) Labor Force d) Economy e) Scarcity f) Interest 3) (Unemployed ÷ Labor Force) x 100 a) Algerbra b) Unemployment Rate c) Economy d) Labor e) Laws f) Inflation 4) These directly create, implement laws and monitor its application in the organization. a) Interest b) Unemployed c) Special Agencies d) Inflation e) Business f) Lorax 5) The amount a lender charges a borrower and is a percentage of the principal. a) Import b) Interest Rate c) Export d) Lobbying e) Unemployed f) Community 6) Communicating with any official in the legislative or executive branch for the purpose of attempting to influence legislative or administrative action or a ballot issue a) Government b) Economy c) Scarcity d) Interest e) Lobbying f) Unemployed 7) The potential benefits an individual, investor, or business misses out on when choosing one alternative over another a) Government b) Business c) Unemployment d) Competition e) Scarcity f) Opportunity Cost 8) A scenario where different economic firms are in contention to obtain goods that are limited by varying the elements of the marketing mix a) Scarcity b) Monopoly c) Competition d) Business e) Government f) Lorax 9) A market structure characterized by a single seller, selling a unique product in the market. a) Monopoly b) Unemployment c) Scarcity d) Competition e) Economics f) Inflation 10) A product or service produced in one country but sold to a buyer abroad a) Import b) Export c) Scarcity d) Inflation e) Competion f) Economics 11) A monetary measure of the market value of all the final goods and services produced in a specific time period a) Inflation b) Economics c) Competition d) Import e) GDP f) Export 12) A market characterized by a small number of firms who realize they are interdependent in their pricing and output policies. a) Lobbying b) Export c) Oligopoly d) Import e) Scarcity f) GDP 13) Relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy a) Supply and Demand b) Profits c) Monopoly d) Economics e) Scarcity f) GDP 14) The difference between the revenue received from the sale of an output and the costs of all inputs used a) Scarcity b) Export c) GDP d) Profits e) Lobbying f) Interest 15) A good or service bought in one country that was produced in another a) Import b) Explanation c) GDP d) Lorax e) Economy f) Demand 16) Who must follow the laws of governments’ to run things smoothly and making sure there is a level playing field a) Taxes b) Businesses c) Monopoloy d) Lobbying e) Government f) Import 17) They work to find the common issues of organizations and present reports, holds dialogue to discuss them with government bodies a) Government b) Interest c) Lobbying d) GDP e) Trade Union f) Import 18) A local association to promote and protect the interests of the business community in a particular place a) Export b) Chamber Of Commerce c) GDP d) Scarcity e) Interest f) Inflation 19) Indirect approach to shaping the activities of business organizations a) Inflation b) Tax Incentives c) GDP d) Economics e) Interest f) Business 20) A balanced relationship between ___________ and businesses is required for the welfare of the economy and the nation a) Business b) Lobbying c) Interest d) GDP e) Government f) Scarcity

Economics Maze Chase

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?