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Applied Economics Quiz 49 (20 MCQs)

Quiz Instructions

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1. The analysis being used in making choices is:
2. Which of the following is an example of an external growth strategy?
3. An increase in the overall level of prices in the economy
4. Freedom of entry and exit, but firms have differentiated products. Likelihood of normal profits in the long term.
5. In this competitive environment, the number of sellers is not important, but thebarriers to entry or exit to market.
6. Government income mainly from taxes.
7. A measure of the strength of buyers' or sellers' responses to a price change
8. An example of a stored-value card
9. Identify the type of market that matches each itemFinancial Analysts
10. What is an economic system wherein all resources are owned by government?
11. It deals with the economic behavior of individual units.
12. Is the income after taxes
13. Applied economics is an application of conclusion from the different problem of theories.
14. A mechanism of allocation where the state or an agency of the government are in charge of the distribution of resources and in answering of the basic economic questions of production and consumption.
15. Which of the following Socio-Economic Impact of a Business that will also benefit from the establishment of new businesses, through revenues earned on fees collected from them and on taxes imposed on the incomes of the business?
16. Internal factors that are unfavorable for achieving your organization's objective.
17. It is a type of judgement that evaluates economic decisions, policies, or outcomes as good or bad.
18. Price of goods tends to ..... if there is an excess supply
19. A formal organization of producers that agree to coordinate prices and production .....
20. In the long-run, all factors of production are fixed.
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