DPB10013 MICROECONOMICS

DPB10013 MICROECONOMICS

University

20 Qs

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DPB10013 MICROECONOMICS

DPB10013 MICROECONOMICS

Assessment

Quiz

Social Studies

University

Practice Problem

Medium

Created by

Mohamad Muslimin

Used 234+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fact that human wants cannot be fully satisfied with available resources is called the problem of

choices

scarcity

opportunity cost

alternatives

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are the economic problems except ……

what to produce

Where to produce

Where to produce

For whom to produce

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be studied in microeconomics?

Total numbers of workers employed in a country

The general level of prices in the Malaysian economy

The output of the entire economy

The output and price of chicken in Malaysia

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supporter of a capitalistic system claim that the system would do all of the following EXCEPT:

Promote efficiency

Stimulate innovation

Achieve an equal income distribution

Be directed by the decisions of individual buyers and sellers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nurse, foremen, assembly line workers are examples of which factor of production.

Land

Capital

Labour

Entrepreneur

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals who are willing to take risks, to bring the resources together and develop new products, and start new businesses.

Services

Entrepreneur

Human Resource

Resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a centrally planned economy system, the problem of how much goods should be produced is solved by___________.

the market mechanism

the market mechanism and government intervention

central planning institutions

the quantity of factors of production in the economy

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