7th grade economics vocab
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Assessment
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Deleted User
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Social Studies
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7th Grade
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Medium
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30 questions
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1.
Multiple Choice
Which of the following could cause the price for automobiles to decrease?
The local factory gives a big raise to its employees.
People get an extra tax refund of $5,000
A brand new automobile dealership opens in town.
The price of gasoline falls.
2.
Multiple Choice
If a consumer knows that a product will be going on sale next week, how will his/her CURRENT demand be affected?
it will go up
it will go down
it will stay the same
It will double
3.
Multiple Choice
government
buyers and sellers
firms
local leaders
4.
Multiple Choice
True
False
5.
Multiple Choice
it goes up
it goes down
it stays the same
it is not effected
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