Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Applied Economics Quiz 27 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Which among the following explains the income as a factor affecting demand?
2. The process of transferring goods and services to a person or persons in return for something. At present, the medium of exchange used in the market is money. This means, we can exchange our money with goods and services.
3. It is the agents/stakeholders that maximize the utility. What it is?
4. ..... are taxes on goods and services that consumers purchase such as the Value Added Tax (VAT).
5. Which brand of drinks may be a very good substitute for Coca-Cola?
6. Monetary assistance by the government in support of target industries or sectors of the economy
7. Analyzes total employment in the economy.
8. Because of the Covid-19 Pandemic, the Philippines reached around 9% unemployment rate in 2021. Pre-pandemic unemployment levels (2019) were around 5%-6%. A lot of Filipinos are experiencing long periods of unemployment due to the Covid-19 Pandemic-this is known as seasonal unemployment.
9. Where do economic principles play a role in sustainable development?
10. If quantity demanded responds only slightly to a change in price it is said to be:
11. Where is cebu located?
12. Which function refers to a table, graph, or equation showing the maximum output rate of the product that can be achieved from any specified set of usage rates of inputs?
13. Each point on a supply curve represents
14. Where does the Nature and Scope of Economics depend
15. Telecommunications Company
16. Directly and proportionately related to productivity and the latter shares the same relationship with efficiency
17. What best describes a want?
18. States that, holding all nonprice factors constant, as a product's price increases, the quantity of the product decreases, and as a product's price decreases, the quantity increases
19. Find the amount after the simple interest given the following:P = 42, 500R = 5% T = 1 year
20. Shortage may cause price to .....
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books