A supply curve is directly affected by ?
A. technology
B. input costs
C. government regulation
D. all of the above
A supply curve is directly affected by ? Read More »
Economics Mcqs, Introduction To Economics A. technology
B. input costs
C. government regulation
D. all of the above
A supply curve is directly affected by ? Read More »
Economics Mcqs, Introduction To Economics A. quantity demanded equals quantity supplied
B. Excess demand and excess supply are zero
C. The market is cleared by the equilibrium price
D. All of the above
when a market is in equilibrium ? Read More »
Economics Mcqs, Introduction To Economics A. a nonlinear relationship
B. a positive linear relationship
C. a scatter diagrams
D. a negative linear relationship
A. vertical axis and horizontal axis
B. intercept and slope
C. scale and slope
D. intercept and scale
A straight-line diagram can be drawn knowing the ________ and ________? Read More »
Economics Mcqs, Introduction To Economics A. adjusting for changes over time
B. adjusting for data collection errors
C. adjusting for population changes
D. adjusting or changes in prices
A real value can be derived from a nominal value by ? Read More »
Economics Mcqs, Introduction To Economics A. about the same point in time over different places
B. about different points in time over the same variable
C. about different variables over different places
D. about different points in time over different places
Time series data show information ? Read More »
Economics Mcqs, Introduction To Economics A. individual building blocks in the economy
B. the relationship between different sectors on the economy
C. household purchase decisions
D. the economy as a whole
Macroeconomics is the study of ? Read More »
Economics Mcqs, Introduction To Economics A. economics problems are solved by the government and market
B. economic decisions are made by the private sector and free market
C. economic allocation is achieved by the invisible hand
D. economics s is solved by government departments
In the mixed economy________________? Read More »
Economics Mcqs, Introduction To Economics A. a place to buy things
B. a place to sell things
C. the process by which prices adjust to reconcile the allocation of resources
D. a place where buyers and sellers meet
A market can accurately be described as_________________? Read More »
Economics Mcqs, Introduction To Economics A. The money you spent on a theater show
B. The money you could have made if you had stayed at home and worked
C. The money you spend on airline tickets
D. the money you spent on food
Which of the following is not part of the opportunity cost of going on holiday ? Read More »
Economics Mcqs, Introduction To Economics