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Froggy Jumps
Froggy Jumps

ECON Concepts Quiz

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ECON Concepts Quiz

Froggy Jumps

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About this activity

Test your grasp of microeconomics basics.

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Genius Fruit snacks
Genius Fruit snacks
United States

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ECON Concepts Quiz
 

Froggy Jumps

ECON Concepts QuizOnline version

Test your grasp of microeconomics basics.

by Genius Fruit snacks
1

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

2

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

3

Which tax is designed to counterbalance a negative externality?

4

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

5

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

6

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

7

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

8

Which externality arises when a good is consumed?

9

What is the minimum price producers must receive called?

10

What regulation sets maximum or minimum prices for goods?

 
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