Economics MCQs

A. Clearance price
B. Equilibrium price
C. Pressure price
D. A buyer’s market

A. The market does not provide for satisfying public needs
B. The market is not equitable favoring those with more resources
C. The market makes no provision for protecting smaller participants
D. All of the above

A. Resulted from the greed of the robber barons
B. Resulted from insufficient demand
C. Was the worst case of massive unemployment
D. Only b and c

A. A person’s marginal productivity
B. Whom one knows
C. Which skills one has
D. Innate talent

A. The gdp
B. The gnp
C. The nnp
D. The spqr

A. Earn more money
B. Increase productivity
C. Increase absenteeism
D. Decrease productivity

A. The increasing poverty of individual states
B. Government intervention in the economy
C. The political apathy of public
D. The willingness of individuals to give up traditional freedoms

A. Shift the demand curve
B. Shift the supply curve
C. Do noting
D. All of the above

A. Karl marx
B. Adam smith
C. John maynard keynes
D. Milton friedman

A. Business cycles are caused by insufficient supply
B. A decline in aggregate supply is responsible for economic downturns
C. An increase in aggregate supply causes output and employment to decline
D. None of the above