Essential Items
Essential Items Quiz
Test your knowledge on what truly constitutes essential items in various aspects of life. This quiz will challenge your understanding of capitalism, price gouging, and the essentials that support our everyday needs.
- 10 thought-provoking questions
- Multiple choice format
- Learn more about economic concepts and essential goods
Are Swimming Pools Essential?
Yes
No
Are Video Game Consoles Essential?
Yes
No
Does America Support Capitalism?
Yes
No
What is Capitalism?
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Communism
What is Price Gouging?
Price gouging occurs when a seller increases the prices of goods, services or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock.
Selling non essential items for a higher markup
Does America support free Market?
Yes
No
When someone responds to your message the right thing to do is respond back
Yes
No
What is lowballing?
Offer a deceptively or unrealistically low estimate, bid, etc. to.
A valid offer
What is an Essential Item?
Food, clothes, shelter, etc
Swimming pools, video game consoles, hair clippers, webcams
Am I a terrible person for calling people price gougers on non essential items?
Yes
Yes
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