Economic Terms Quiz Stats

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Hint Answer % Correct
only one producermonopoly
88.2%
a rise in overall level of pricesinflation
66.7%
a fall in overall level of pricesdeflation
63.4%
demand equals supplyequilibrium
61.3%
goods or services sold to other countriesexport
60.2%
a tax levied on importstariff
58.1%
a period of economic downturnrecession
55.9%
trading goods and services for other goods and servicesbarter
53.8%
Hint Answer % Correct
an industry with only a small number of producersoligopoly
45.2%
legal document that pays interestbond
39.8%
agreement between several producers in order to increase profitscartel
34.4%
used to purchase goods and servicescash
30.1%
a good or service used to produce another good or serviceinput
15.1%
the value of accumulated savingswealth
12.9%
price at which a seller is willing to sell a goodcost
6.5%

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