Economics MCQs

4475 MCQs  (Page 322 of 448)

Attempt Economics Mcqs Quiz
A mixed economy ?
A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demand
D. Has market forces and government intervention
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The public sector includes ?
A. Investors owning companies
B. Government ownership of assets
C. Market forces of supply and demand
D. All trade via barter
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The basic economic problems will not be solved by ?
A. Market forces
B. Government intervention
C. A mixture of government intervention and the free market
D. The creation of unlimited resources
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________ and ___________ do not directly affect the demand curve ?
A. The price of related goods consumer income
B. Consumer incomes, tastes
C. The costs of production bank opening hours
D. The price of related goods preferences
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A demand curve can shift because changing ?
A. Incomes
B. Prices of related goods
C. Tastes
D. All of the above
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If a price increase of good A increases the quantity demanded of good B, then good B is a________________?
A. Substitute good
B. Complementary good
C. Bargain
D. Inferior good
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An increase in consumer income will increase demand for a _________ but decrease demand for a?
A. Substitute good, inferior good
B. Normal good inferior good
C. Inferior good normal good
D. Normal good, complementary good
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On a graph, a positive linear relationship___________________?
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Moves down to the left
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When we know the quantity of a product that buyers wish to purchase at each possible price we know_____________?
A. Demand
B. Supply
C. Excess demand
D. Excess supply
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The equilibrium price clears the market it is the price at which _________________?
A. everything is sold
B. buyers spend all their money
C. quantity demanded equal quality supplied
D. excess demanded equals quantity
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Word of the Day
22 Jul
Combative
ready or eager to fight or argue.
لڑاکا، متنازع، جھگڑالو

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