Quiz
Micro Quiz
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Fragen in diesem Quiz (10)
1Profit is the main motive in free-market economies.
- ARichtig
- BFalsch
2The idea that since sonsumers act towars self-interest, it results in an allocation of resources in the economy is known as
- AInvisible hand
- BMarket mechanism
- CFunctions of price
3One of the greatest advantages of a command economy is that there are monopolies under close government supervision.
- ARichtig
- BFalsch
4What is the equation to calculate productivity?
- Aproduction/labor and time
- Blabor and time/production
5The maximum possible output that can be achieved given a fixed set of resources is also known as
- Aopportunity cost
- Befficient production
- Cproduction possibilities frontier
6Which factor shapes the PPF?
- Aintroduction of new resources
- Bcomparative advantage
- Cdemand for a certain product
7"The government only supplies goods and services to those who bribe it. Its corruption has destroyed our economy."
This is an example of a normative statement- ARichtig
- BFalsch
8"Colombian coffee has been described as one of the best in the world."
This is an example of a value judgement.- ARichtig
- BFalsch
9What does the equi-marginal principle show you?
- AHow to maximize your utility when you have more than one good
- BHow to measure the amount of satisfaction gained from a certain good or service.
- CHow an increase in production results in a decrease of the average costs.
10Which of the following economies of scale are not internal?
- AFinancial Economies of Scale
- BRisc Bearing Economies of Scale
- CMarketing Economies of Scale
- DTechnical/Production Economies of Scale
- EVertical Integration Economies of Scale
Informationen
- Beschreibung
- Ana Maria Samper
- Autor
- ansamper
- Sprache
- English
- Aufrufe
- 21
- Schlagwörter
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