Business

10th

grade

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HKA Grade 10 Economics Quiz 2

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20 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt
    What must be given up in order to undertake any activity or economic exchange (what you could have done with the money you spend on that thing); 'opportunity lost'
    Opportunity Cost
    Consumers
    Living Standards
    Production Cost
  • 2. Multiple Choice
    30 seconds
    1 pt
    The quantity of a good or service that consumers are willing and able to buy at a particular price during a specific time period.
    Demand
    Supply
    Price
    Production Cost
  • 3. Multiple Choice
    30 seconds
    1 pt
    The amount of money expected, required, or given in payment for something.
    Price
    Demand
    Supply
    Production Cost
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    Answer choices
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