3916824
Beschreibung
Quiz von Sarah Egan, aktualisiert more than 1 year ago
|
|
Erstellt von Sarah Egan
vor mehr als 8 Jahre
|
|
Frage 1
Frage
A situation where one manufacturer controls the supply of a good is called:
Antworten
-
An oligopoly
-
A monopoly
-
A free market
-
A command economy
Frage 2
Frage
Cross Elasticity of Demand:
Antworten
-
shows the relationship between price and quantity demanded and provides a calculation of the effect a change in price would have on quantity demanded.
-
shows how responsive demand of a good is to the change in income of a person. It is calculated by dividing the percentage change in quantity demanded by the percentage change in personal income.
-
measures the responsiveness of the quantity demanded of one good or service as a result of the change to the price of another good or service.
Frage 3
Frage
According to J.M. Keynes, free markets will automatically lead to full employment
Antworten
- True
- False
Frage 4
Frage
Which of these best describes inflation:
Antworten
-
the rate at which the general level of prices of goods and services is increasing
-
a reduction in the unemployment rate
-
an increase in the average industrial wage
Frage 5
Frage
Inflation means that the purchasing power of currency decreases
Antworten
- True
- False
Frage 6
Frage
The Wealth of Nations is a work by which economist
Antworten
-
Karl Marx
-
Adam Smith
-
JM Keynes
-
JK Galbraith
Möchten Sie mit GoConqr kostenlos Ihre eigenen Quiz erstellen? eigenen Mehr erfahren.