Global MCQ Practice

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

Applied Economics Quiz 55 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. The main problem of the Philippine economy despite improvements reported by the National Statistics office.
2. The coefficient of the elasticity is less than 1; when an increase in price causes a smaller % fall in demand
3. Karen is the procurement officer of ABC Company. She bought 10 boxes of bond paper for office consumption. Which of the following market best matches to the given example?
4. Airlines are examples of .....
5. Refers to the nature and degree of competition in the market for goods and services?
6. What socio economic indicator served as basis in determining minimum wage?
7. Partnerships allow owners bring more capital to the business.
8. It indicates that two variables are positively related; when one variable increases, so does the other, and when one variable decreases, the other also decreases.
9. Which classification of business has a total assets of P 15, 000, 001 to P 60, 000, 000?
10. It is a division of economics that concerned with the overall performance of the entire economy.
11. It is the combined production of several units of a given set of inputs.
12. It refers to the marketing of goods and services to different economic outlets.
13. The biggest buyer and seller of the resources.
14. What market structure is Netflix?
15. True or false:There is a variety of goods present in a monopoly.
16. What is Elasticity
17. .... is a significant tool or a guide for assessing and evaluating the competitive strength and position of a business organization.
18. Nominal interest is also known as fixed interest.
19. He must be a man of action.
20. It is the science that involves the use of scarce resources to satisfy unlimited wants.
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books