Economic Terms Quiz Stats

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Hint Answer % Correct
only one producermonopoly
87.8%
a rise in overall level of pricesinflation
65.3%
a fall in overall level of pricesdeflation
62.2%
demand equals supplyequilibrium
59.2%
goods or services sold to other countriesexport
59.2%
a tax levied on importstariff
57.1%
a period of economic downturnrecession
56.1%
trading goods and services for other goods and servicesbarter
52%
Hint Answer % Correct
an industry with only a small number of producersoligopoly
43.9%
legal document that pays interestbond
39.8%
agreement between several producers in order to increase profitscartel
33.7%
used to purchase goods and servicescash
29.6%
a good or service used to produce another good or serviceinput
14.3%
the value of accumulated savingswealth
12.2%
price at which a seller is willing to sell a goodcost
6.1%

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