Economics Quiz 03 Preparation Online

Test Instructions

Economics Quiz 03 Preparation Online

1. When no firm or consumer is large enough to affect the market price, the market is assumed to have ?

 
A.
B.
C.
D.

2. An economy is producing efficiently when no individual’s economic welfare can be improved unless ?

 
A.
B.
C.
D.

3. Which from the following economic resources cannot be converted into commodity ?

 
A.
B.
C.
D.

4. The branch of economics concerned with overall performance of the economy is known as ?

 
A.
B.
C.
D.

5. Taxes are used to discourage __________ of a commodity.

 
A.
B.
C.
D.

6. Which from the following are the results of imperfect competition in the markets ?

 
A.
B.
C.
D.

7. The branch of economics concerned with the behavior of markets, firms, and households is known as ?

 
A.
B.
C.
D.

8. Subsidies are used to encourage __________ of a commodity.

 
A.
B.
C.
D.

9. Which from the following are features of a modern economy ?

 
A.
B.
C.
D.

10. The branch of economics concerned with the use of statistical methods to obtain empirical results for economic relations is known as ?

 
A.
B.
C.
D.


 

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