The study of economics is an important one, which looks at how we produce, distribute and consume goods and services for a variety of reasons. A lot of the world we live in relies on trade, whether it’s from country to country or taking place internally, and all of that information needs to be tracked to ensure it is being done in a way that is beneficial to everybody. Let’s start your studies on the topic off with this quiz!
True
False
Decreases
Increases
Remains the same
Substitutes
Complements
Inferior goods
Decreases
Increases
Remains the same
The demand curve for hamburgers will shift to the left
The demand curve for hamburgers will shift to the right
The demand curve for hamburgers will remain the same
Peanut butter and jelly
Tires and cars
Pizza and tacos
Demand curve
Supply curve
Law of demand
Law of supply
Price and supply
Price and substitutes
Price and quantity demanded
Price and income
Shift to the right
Shift to the left
Remain the same
Increases
Decreases
Remains the same
Wait!
Here's an interesting quiz for you.