A. Scarcity
B. Money
C. Consumption
D. Allocation
The economics the central problem is ? Read More »
Economics Mcqs, Introduction To Economics A. Investors owning companies
B. Government ownership of assets
C. Market forces of supply and demand
D. All trade via barter
The public sector includes ? Read More »
Economics Mcqs, Introduction To Economics A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demand
D. Has market forces and government intervention
A. Market forces
B. Government intervention
C. A mixture of government intervention and the free market
D. The creation of unlimited resources
The basic economic problems will not be solved by ? Read More »
Economics Mcqs, Introduction To Economics A. substitute good, inferior good
B. normal good inferior good
C. inferior good normal good
D. normal good, complementary good
A. substitute good
B. complementary good
C. bargain
D. inferior good
A. incomes
B. prices of related goods
C. tastes
D. all of the above
A demand curve can shift because changing ? Read More »
Economics Mcqs, Introduction To Economics A. the price of related goods consumer income
B. consumer incomes, tastes
C. the costs of production bank opening hours
D. the price of related goods preferences
________ and ___________ do not directly affect the demand curve ? Read More »
Economics Mcqs, Introduction To Economics A. Everything is sold
B. Buyers spend all their money
C. Quantity demanded equal quality supplied
D. Excess demanded equals quantity
E. C and D
The equilibrium price clears the market it is the price at which _________________? Read More »
Economics Mcqs, Introduction To Economics A. Demand
B. Supply
C. Excess demand
D. Excess supply
