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Inflation is___________________?

September 6, 2021May 26, 2019 by admin
Inflation is___________________?

A. a decrease in the overall price level.
B. an increase in the overall price level.
C. an increase in the overall level of economic activity.
D. a decrease in the overall level of economics activity

Categories Economics Mcqs, Introduction To Economics

Microeconomics is not concerned with the behavior of ?

September 6, 2021May 26, 2019 by admin
Microeconomics is not concerned with the behavior of ?

A. aggregate demand
B. firms
C. Consumers
D. industries.

Categories Economics Mcqs, Introduction To Economics

The economics the central problem is ?

September 6, 2021May 26, 2019 by admin
The economics the central problem is ?

A. Scarcity
B. Money
C. Consumption
D. Allocation

Categories Economics Mcqs, Introduction To Economics

The public sector includes ?

September 6, 2021May 26, 2019 by admin
The public sector includes ?

A. Investors owning companies
B. Government ownership of assets
C. Market forces of supply and demand
D. All trade via barter

Categories Economics Mcqs, Introduction To Economics

A mixed economy ?

September 6, 2021May 26, 2019 by admin
A mixed economy ?

A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demand
D. Has market forces and government intervention

Categories Economics Mcqs, Introduction To Economics

The basic economic problems will not be solved by ?

September 6, 2021May 26, 2019 by admin
The basic economic problems will not be solved by ?

A. Market forces
B. Government intervention
C. A mixture of government intervention and the free market
D. The creation of unlimited resources

Categories Economics Mcqs, Introduction To Economics

An increase in consumer income will increase demand for a _________ but decrease demand for a?

September 6, 2021May 26, 2019 by admin
An increase in consumer income will increase demand for a _________ but decrease demand for a?

A. substitute good, inferior good
B. normal good inferior good
C. inferior good normal good
D. normal good, complementary good

Categories Economics Mcqs, Introduction To Economics

If a price increase of good A increases the quantity demanded of good B, then good B is a________________?

September 6, 2021May 26, 2019 by admin
If a price increase of good A increases the quantity demanded of good B, then good B is a________________?

A. substitute good
B. complementary good
C. bargain
D. inferior good

Categories Economics Mcqs, Introduction To Economics

A demand curve can shift because changing ?

September 6, 2021May 26, 2019 by admin
A demand curve can shift because changing ?

A. incomes
B. prices of related goods
C. tastes
D. all of the above

Categories Economics Mcqs, Introduction To Economics

________ and ___________ do not directly affect the demand curve ?

September 6, 2021May 26, 2019 by admin
________ and ___________ do not directly affect the demand curve ?

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

Categories Economics Mcqs, Introduction To Economics
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