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Applied Economics Quiz 24 (30 MCQs)

Quiz Instructions

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1. Which does not belong to the group?Examples of Banking and Finance industry:
2. The following are the Types of Hybrid Financing EXCEPT .....
3. APPLICATION OF ECONOMIC PRINCIPLES AND THEORIES TO REAL-WORLD SITUATIONS
4. It is one of the most common indicators used to track the health of a nation's economy.
5. The following will make an event or problem be considered a contemporary issue, except:
6. It refers to the movement of people from one country to another.
7. It refers to an object or system made available for consumer to use.
8. This trade refers to the exchange of the goods and services between the countries which basically is the export and import (as well as entreport) of goods and services.
9. Where does the analysis of market supply focus on?
10. Elements in the environment that could cause trouble for the business are
11. When you are making a decision, what should you keep in mind?
12. The role of an investor in a business is to provide high-quality products from a manufacturer at a good price to a distributor or retailer for resale.
13. Capital is anything that we produce-factory, buildings, skill, and knowledge of workers-and then use in the production of other goods and services.
14. The most common type of market.
15. There is only one firm that provides services and dominates the market like water and electricity.
16. The physical effort of the manpower to produce the protective devices of thefrontliners describes which factor of production?
17. What is the study of economic behavior and decision making of small units, such as individuals, families, and businesses called?
18. Where does market supply primarily come from?
19. Why does the price elasticity of demand measure responsiveness to price changes?
20. A business that creates its own plan to expand its economic growth.
21. Which comparative environment refers to having two dominating sellers orcompanies in the market?
22. Refers to the competitive environment in which buyers and sellers operate.
23. Which of the following has NOT observed in the community during the ECQ in the same locality?
24. Rent is a good form of investment because of its demand, high occupancy rate, affordable property price, and growth potential.
25. What is the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes on the ownership and transfer of property, and other taxes?
26. When the quantity consumers are willing and able to buy equals the quantity that producers are willing and able to sell.
27. A new business wants to identify its profitability level in the market. What business tool should they use?
28. Measure of the way in which quantity supplied responds to a change in price
29. Get a chance to sell to the newly established business, which means income for them.
30. The ..... is the lowest legal wage companies can pay workers.
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