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Applied Economics Quiz 61 (30 MCQs)

Quiz Instructions

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1. Which of the following is an example of external forces of a business?
2. This factor of production paid in the form of rent or lease.
3. Amount or quantity of a given goods or services producers are willing and able to provide at a given prices, at a given period of time.
4. With a budget of P 5 million, Saena' could construct a warehouse and a new woodworking machine for her furniture business or build a beautiful home for her family. What is the opportunity cost of constructing her family home?
5. Interest is the payment for the immediate use of funds.
6. .... is an application of conclusion from the different economic theories.
7. Given as; Qs=100+5P, What is the quantity supply at the given prices of 9.
8. It states that as the price of goods increases, quantity demandeddecreases.
9. It is the point where quantity demanded is equal to quantity supplied.
10. If Infinitea has Php 150, 000 gross sales per week and the total sales for Milk tea Shop business is Php 3, 000, 000. What is Infinitea's market share %?
11. Because of the Russian invasion of Ukraine, the price of prime commodities used to produce a diverse variety of goods and are imported from these two countries have gone up. Which is a prime commodity that they export to the world?
12. Which of the following is not classifiable as a natural resource?
13. If Starbucks has Php 550, 000 gross sales per week and the total sales for Coffee Shop business is Php 2, 000, 000. What is Starbucks' market share %?
14. Three main producing sectors which is the primary
15. An increase in income received from incentives, bonuses and thirteenth month pay increases the purchasing power of the consumers. This shows that the demand curve will .....
16. You can extend the lifecycle of a product or service by investing in an "extension strategy" . You could:EXCEPT .....
17. What exists when quantity supplied is greater than quantity demanded?
18. The most common type of market because it is where we buy consumers goods.
19. This market structure is characterized by the lowest level of competition among producers.
20. Another word for money
21. How is the equilibrium price and quantity determined in a market?
22. For a person to put up a business, it is essential that an industry analysis first be made.
23. Defined as:of, relating to or made in one's own country.
24. Which of the following influences people's buying plans and varies moving alonga demand curve?
25. Which best describes the Law of Supply?
26. How often does the article recommend to make a SWOT analysis?
27. Grandpa wants to buy a new camera. What should he do?
28. A very large number of firms. Identical products are offered for sale like rice, corn vegetables, meat, among others. Buyers and sellers are able to enter leave the market.
29. Modifications in family structure and other ..... have impact on consumer behavior andtastes.
30. .... is a means to understand the business' position relative to other participants in the industry.
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