Economics Quiz 04 Preparation Online

Test Instructions

Economics Quiz 04 Preparation Online

1. Who is considered the founder of Microeconomics ?

 
A.
B.
C.
D.

2. Consider a world without scarcity of resources. Then what would be the consequences ?

 
A.
B.
C.
D.

3. The fundamental concept of Economics about resources is that the resources are ?

 
A.
B.
C.
D.

4. Goods produced to produce yet other goods is called ?

 
A.
B.
C.
D.

5. Which economic term is used to represent inequality in income distribution ?

 
A.
B.
C.
D.

6. When analyzing the impact of a variable on the economic system, the other things ?

 
A.
B.
C.
D.

7. The central role of markets is to determine the ?

 
A.
B.
C.
D.

8. The value of the good or service forgone by choosing another investment is called ?

 
A.
B.
C.
D.

9. Who is considered the founder of modern Macroeconomics ?

 
A.
B.
C.
D.

10. Inputs are combined with technology to produce outputs. The fundamental inputs (also called factors of production) are ?

 
A.
B.
C.
D.


 

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