We have sent an email with your new password.

Close this window

Economics Vocabulary Quiz 2

20 Questions  I  By Jessicaleague
Economics Quizzes & Trivia
Choose the best term to match the definition.   This is for practice only.   Results are not graded.   You may take this quiz as often as you wish.  

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  A recession that is especially long and severe. 
A.
B.
C.
D.
2.  A minimum price for a good or service. 
A.
B.
C.
D.
3.  Unemployment that rises during economic development and falls when the economy improves. 
A.
B.
C.
D.
4.  A business organization owned by two or more persons who agree on a specific division of responsibilities and profits. 
A.
B.
C.
D.
5.  The total amount of goods and services in the economy that are consumed. 
A.
B.
C.
D.
6.  A market structure in which a large number of firms all produce the same product. 
A.
B.
C.
D.
7.   A price index determined by measuring the price of a standard group of goods meant to represent the typical "market basket" of a typical urban consumer.
A.
B.
C.
D.
8.  Unemployment that occurs when people take time to find a job. 
A.
B.
C.
D.
9.  A business owned and managed by a single individual. 
A.
B.
C.
D.
10.  Rate the Federal Reserve charges for loans to commercial banks. 
A.
B.
C.
D.
11.  The nation's central banking system 
A.
B.
C.
D.
12.  The use of government spending and revenue collection to influence the economy. 
A.
B.
C.
D.
13.  A market structure in which a few large firms dominate a market. 
A.
B.
C.
D.
14.  The amount of goods available. 
A.
B.
C.
D.
15.  A market dominated by a single seller. 
A.
B.
C.
D.
16.  Goods used in place of each other. 
A.
B.
C.
D.
17.  A period of macroeconomic expansion followed by a period of contraction. 
A.
B.
C.
D.
18.  A maximum price that can be legally charged for a good or service. 
A.
B.
C.
D.
19.  The amount of goods and services in the economy. 
A.
B.
C.
D.
20.  A situation in which the government spends more than it takes in. 
A.
B.
C.
D.
Back to top

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz