1255306
Beschreibung
Quiz von Eco OnTheGo, aktualisiert more than 1 year ago
|
Erstellt von Eco OnTheGo
vor fast 10 Jahre
|
|
Frage 1
Frage
Which of the following would be studied in microeconomics?
Antworten
-
The total number of workers employed in a country
-
The general level of prices in the Malaysian economy
-
The output and price of lamb in Malaysia
-
The production of the entire economy
Frage 2
Frage
Which of the following would be studied in microeconomics?
Antworten
-
The total number of workers employed in a country
-
The general level of prices in the Malaysian economy
-
The output and price of lamb in Malaysia
-
The production of the entire economy
Frage 3
Frage
Which of the following does not illustrate opportunity cost?
Antworten
-
If spent more on shoes, I must spend less on food
-
If I study today for the test tomorrow, I must give up watching my favorite movie
-
If I buy the PSP, I must do without a 35” television
-
An increment in consumer spending now means more spending in the future
Frage 4
Frage
Which of the following is not a characteristic of an inelastic demand?
Antworten
-
There is a large number of substitution goods for customers
-
The period of time for which demand is given is very short
-
The buyer spends a small percentage of his income on a product
-
The product is regarded by consumers as a necessity
Frage 5
Frage
An increase in demand means that
Antworten
-
the demand curve has shifted to the left
-
price has declined and therefore consumers want to purchase more of the product
-
the demand curve has shifted to the right
-
given supply, the price of the product can be expected to decline
Frage 6
Frage
Ceteris paribus, the supply of flour is positively sloped because
Antworten
-
the price will increase when farmers get higher profits
-
an increase in the price of flour will cause the quantity supplied to increase at the same rate
-
an increase in the demand for flour will cause an increase in the demand of flour
-
the high price will motivate farmers to increase flour production
Frage 7
Frage
The price of goods tend to stabilize if quantity
Antworten
-
demanded exceeds quantity supplied
-
supplied is stabilize
-
demanded equals to quantity supplied
-
supplied exceeds quantity demanded
Frage 8
Frage
Which of the following is a short run adjustment?
Antworten
-
A local bakery hires two additional workers
-
The number of plantations in Malaysia declines by 5%
-
Eight new firms enter the electronic industry
-
Proton constructs a new assembly plant in Malacca
Frage 9
Frage
The law of diminishing marginal return describes the
Antworten
-
Relationship between inputs and outputs in the short run
-
Relationship between total costs and total revenues
-
Relationship between inputs and outputs in the long run
-
Profit maximizing position of a firm
Frage 10
Frage
A decrease in the price of product X causes an increase in the demand for product Y.
Product X and Y are mostly likely to be
Antworten
-
Milo and Vico
-
Nasi lemak and Capati
-
Strawberries and Grape
-
Video recorders and video tapes
Frage 11
Frage
Assume the government has intervened in the market and imposed a floor price on good YY and a ceiling price on good ZZ.
What would be the effect on the market for good YY and good ZZ?
Antworten
-
Shortage in both markets
-
Surplus in both markets
-
A surplus in the good YY market and an increase in the quantity of good ZZ
-
A surplus in the good YY market and a shortage in good ZZ market
Möchten Sie mit GoConqr kostenlos Ihre eigenen Quiz erstellen? eigenen Mehr erfahren.