Global MCQ Practice

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

Applied Economics Quiz 28 (30 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. It refers to the ability that customers have to drive lower prices.
2. Partnership is a type of business firm that is owned by shareholders who own stock in the firm.
3. Which of the following improves quality and productivity, decreases costs and price and provides more jobs, return on investment?
4. Economics is a social science because it deals with:
5. How many retail businesses were established and registered in 2017?
6. Which of these best describes the law of demand?
7. When might a price floor be imposed by the government?
8. What is the Example of Perfect competition
9. FORMULA OF PRICE PRICE ELASTICITY OF SUPPLY
10. It may be defined as that branch of economic analysis which studies the behaviour of not one particular unit but all the units combined.
11. When quantity consumers are willing and able to buy equals the quantity producers are willing and able to sell.
12. Communism have a totalitarian form of government; this means that the government runs everything and makes all decisions.
13. TRUE OR FALSE:Go Negosyo Act promotes ease of doing business and facilitate access to services for MSMEs through the Negosyo Centers.
14. Read the following situation to determine what the outcome would be:A new type of television set uses 3-D images. many stores will have large quantities of the older style televisions. What will happen to the price of these older televisions?
15. Land, labor, and capital are examples of resources.
16. If the price of hamburgers rise, but the price of hot dogs remains the same, which are suppliers more likely to supply?
17. Technology has allowed people to work fewer hours.
18. Who is responsible for making macroeconomic policies?
19. It refers to as the exchange or trade of gold and services between different nations.
20. With the good business, there is also an impact to the community except;
21. The easiest form of business to start and end is a (n)
22. ..... involves capital spending.
23. It is a condition where there are insufficient resources to satisfy all needs and wants of a population.
24. Microeconomics or MacroeconomicsThe current unemployment rate in the Philippines.
25. Staff members says that if you want a day-off from work you should order a hambuger from the Leisure Center's cafeteria.
26. What is the example of shifters of demand
27. It is an equation showing the maximum output of a commodity that a firm can produce per period of time with each set of inputs.
28. The tree that was cut down to make lumber to build a wooden box
29. This refers to the one of the factors of production that means any mental or physical effort and its recompense is wages and salaries.
30. It is important to the seller since it gauges how far demand can charge relative to price.
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books