Economics Quiz 02 Preparation Online

Test Instructions

Economics Quiz 02 Preparation Online

1. Fiscal policy consists of government’s ?

 
A.
B.
C.
D.

2. The three fundamental economic problems of what, how, and for whom are solved by ?

 
A.
B.
C.
D.

3. When we assume that what is true for the part is also true for the whole, we are committing ?

 
A.
B.
C.
D.

4. When one event occurred before another event, the fallacy in economic reasoning that the first event caused the second event is called ?

 
A.
B.
C.
D.

5. Productive efficiency occurs when an economy cannot produce _____ of one good without producing _____ of another good.

 
A.
B.
C.
D.

6. The concept of invisible hand in the organization of supply and demand in a well-functioning market mechanism refers to the ?

 
A.
B.
C.
D.

7. The three fundamental economic problems every human society must confront and resolve are ?

 
A.
B.
C.
D.

8. Which economic term is used to measure the overall performance of an economy?

 
A.
B.
C.
D.

9. The increase in economic integration among nations is termed as ?

 
A.
B.
C.
D.

10. The maximum quantity of goods that can be efficiently produced by an economy using its scarce resources and available technology is called ?

 
A.
B.
C.
D.


 

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