ECON Concepts Quiz

Froggy Jumps

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Test your grasp of microeconomics basics.

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Genius Fruit snacks

United States

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Froggy Jumps ECON Concepts QuizVersion en ligne Test your grasp of microeconomics basics. par Genius Fruit snacks 1 What measures how much buyers and sellers respond to price changes? a Elasticity b Revenue c Demand curve 2 What is the term for the total surplus lost when a good is underproduced? a Deadweight loss b Utility c Consumer surplus 3 Which tax is designed to counterbalance a negative externality? a Pigovian tax b Sales tax c Income tax 4 Which theorem says private trades can reach efficiency with zero transaction costs? a Coase Theorem b Ricardian theorem c Kaldor-Hicks 5 What type of good is non-excludable and non-rivalrous? a Public good b Private good c Club good 6 What is the maximum legal price called that can be charged? a Tax b Price ceiling c Price floor 7 What describes the difference between buyer and seller prices under a tax? a Elasticity b Tax wedge c Deadweight loss 8 Which externality arises when a good is consumed? a Production externality b Consumption externality c Network externality 9 What is the minimum price producers must receive called? a Price ceiling b Subsidy c Price floor 10 What regulation sets maximum or minimum prices for goods? a Price controls b Taxes c Subsidies

Froggy Jumps

ECON Concepts QuizVersion en ligne

Test your grasp of microeconomics basics.

par Genius Fruit snacks

What measures how much buyers and sellers respond to price changes?

Elasticity

Revenue

Demand curve

What is the term for the total surplus lost when a good is underproduced?

Deadweight loss

Utility

Consumer surplus

Which tax is designed to counterbalance a negative externality?

Pigovian tax

Sales tax

Income tax

Which theorem says private trades can reach efficiency with zero transaction costs?

Coase Theorem

Ricardian theorem

Kaldor-Hicks

What type of good is non-excludable and non-rivalrous?

Public good

Private good

Club good

What is the maximum legal price called that can be charged?

Tax

Price ceiling

Price floor

What describes the difference between buyer and seller prices under a tax?

Elasticity

Tax wedge

Deadweight loss

Which externality arises when a good is consumed?

Production externality

Consumption externality

Network externality

What is the minimum price producers must receive called?

Price ceiling

Subsidy

Price floor

What regulation sets maximum or minimum prices for goods?

Price controls

Taxes

Subsidies

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ECON Concepts Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Froggy Jumps

ECON Concepts QuizVersion en ligne

par Genius Fruit snacks

What measures how much buyers and sellers respond to price changes?

What is the term for the total surplus lost when a good is underproduced?

Which tax is designed to counterbalance a negative externality?

Which theorem says private trades can reach efficiency with zero transaction costs?

What type of good is non-excludable and non-rivalrous?

What is the maximum legal price called that can be charged?

What describes the difference between buyer and seller prices under a tax?

Which externality arises when a good is consumed?

What is the minimum price producers must receive called?

What regulation sets maximum or minimum prices for goods?

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