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by BlastRoom
Explore how market prices guide choices and allocate scarce goods.
#us_hs_economics
20 questions
One question set, multiple game modes. Tap any game to see it in action. Not sure which to pick?
Answer to place stones and capture territory.
Outrun the snow together.
Earn blasts, then hunt the other team.
Answer to earn energy, then climb.
The class blasts through walls together.
Bid on mystery lots. Most money wins.
Sell tours. Nice, standard, or a total scam.
Answer, restock, and serve the rush.
More correct answers pulls the rope your way.
Answer, then shoot down the alien wave.
Answer, then tap to leap the frozen ridge.
After a hurricane, the price of plywood rises in a coastal city, and lumber mills in other states send more loads there. What job is the higher price doing?
A sudden fashion trend makes winter boots sell out, so stores raise their prices. Which job of price is most directly shown?
The price of avocados rises after a poor harvest. Farmers in nearby regions decide to plant more avocados next season. What job is the price performing?
A popular band's ticket price rises until only the number of people equal to the available seats will buy tickets. What job is the price doing?
A drought raises the price of hay. Ranchers who can produce hay profitably decide to bring hay to the affected area. Which price function is illustrated?
At a low price, far more people want a limited-edition sneaker than the store has pairs. The store raises the price, and fewer buyers remain. What is the price doing?
A bakery sees the price of its specialty bread rise because customers want more of it. What does that price signal most directly to the bakery?
The price of apples falls because orchards have an unusually large harvest. What does the lower price tell consumers to do?
When hotel rooms become much more expensive during a festival, what does the price signal to travelers choosing between hotels and other lodging?
A coffee shop notices that the price of coffee beans has risen. What action does that price signal to the shop most directly?
The price of ride-share trips rises during a rainstorm, and more drivers decide to log on. What does the higher price tell drivers?
A store lowers the price of umbrellas after receiving a large shipment. What does the lower price tell shoppers?
A city sets a gasoline price ceiling during a shortage. Stations cannot raise prices even though many more drivers want gas than is available. What can the frozen price no longer do?
Rent control keeps apartment rents below the level where quantity demanded equals quantity supplied. Which job of price is blocked?
A government freezes the price of bottled water after a flood, while demand exceeds the number of bottles in stores. What result is most likely because price cannot ration the water?
A maximum price for face masks is kept below the market-clearing price during an emergency. What information does the ceiling prevent the price from fully communicating?
A binding price ceiling on concert tickets prevents the ticket price from rising when demand surges. Which allocation method may replace price rationing?
In a market economy, how are most scarce goods allocated?
What is the market-clearing price?
When a scarce good is allocated through voluntary exchange, what determines which buyers receive it?
Crack the passcode before the zombies get in.
Answer, then swat bugs for bonus points.
Race through questions at your own speed.
Same question on every screen. Fastest wins.
Pick a tile, answer, hit bonuses and steals.
Supply, Demand, Equilibrium and Price Controls Review
35 questions
