Introduction To Economics Mcqs
Introduction To Economics Mcqs, this topic has 72 mcqs, It takes five to ten minutes to complete this free Introduction To Economics Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "Introduction To Economics Mcqs" MCQs and share with your friends, brothers, sisters.
Introduction To Economics Mcqs (Total Quiz: 72)
MCQ: A supply curve is directly affected by ?
- technology
- input costs
- government regulation
- all of the above
D
MCQ: when a market is in equilibrium ?
- quantity demanded equals quantity supplied
- Excess demand and excess supply are zero
- The market is cleared by the equilibrium price
- All of the above
D
MCQ: If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?
- a nonlinear relationship
- a positive linear relationship
- a scatter diagrams
- a negative linear relationship
D
MCQ: A straight-line diagram can be drawn knowing the ________ and ________?
- vertical axis and horizontal axis
- intercept and slope
- scale and slope
- intercept and scale
C
MCQ: A real value can be derived from a nominal value by ?
- adjusting for changes over time
- adjusting for data collection errors
- adjusting for population changes
- adjusting or changes in prices
D
MCQ: Time series data show information ?
- about the same point in time over different places
- about different points in time over the same variable
- about different variables over different places
- about different points in time over different places
B
MCQ: Macroeconomics is the study of ?
- individual building blocks in the economy
- the relationship between different sectors on the economy
- household purchase decisions
- the economy as a whole
D
MCQ: In the mixed economy________________?
- economics problems are solved by the government and market
- economic decisions are made by the private sector and free market
- economic allocation is achieved by the invisible hand
- economics s is solved by government departments
A
MCQ: A market can accurately be described as_________________?
- a place to buy things
- a place to sell things
- the process by which prices adjust to reconcile the allocation of resources
- a place where buyers and sellers meet
C
MCQ: Economics is the study of ?
- Production technology
- Consumption decisions
- how society decides what how and for whom to produce
- the best way to run society
C