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Business Economics Quiz 10 (25 MCQs)

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1. Which of the following is a possible disadvantage of oligopoly?
2. Resources are categorized as _____
3. The point where TR curve cuts TC curve is called
4. The demand curve for an individual firm within a perfectly competitive industry is
5. H. O. Theory can explain
6. Investment or money owned by a person that can be used to start a business is known as _____
7. When a company has more supply than demand this is known as a _____
8. In order for a firm to engage in price discrimination, it must be:
9. The longrun cost curve is otherwise called as
10. Which of the following costs refers specifically to those that change with the quantity of a product sold or produced?
11. . An exceptional demand curve is one that moves
12. Economics has been called a 'Science of Choice ' because
13. Which among the following are scope of managerial economics?
14. Joe has good reason to suspect that his investments in XYZ Manufacturing are being fraudulently recorded and used by the accountants of that company. In order to start a legal investigation, he needs to go to the American Institute of Certified Public Accountants.
15. The main purpose of _____ was to enable commercial banks to raise funds from the market.
16. What name is given to the value of the next best alternative that you give up when you make a decision?
17. Imperfect compitition was introduced by
18. The FIPB was abolished on _____
19. What causes economic problems?
20. Which of the following does not improve the quality / productivity of land?
21. What is a Trade-off
22. Macro-economic analysis explains what determines the level of _____
23. A result of not keeping on top of debt payments and therefore accumulating more debt through interest and extra borrowing is called a
24. Electronic conferencing is popular because it reduces travel expenses and saves money.
25. 'Economics is the study of mankind in the ordinary business of life' was given by:
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