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Microeconomics
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Business
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Easy
Lisa Perez
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10 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Microeconomics deals with
Government intervention
individual choice
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Take an action if and only if the extra benefits are at least as great as the extra costs. This represents the
Cost Benefit Principle
Opportunity Cost
Scarcity Principle
4.
OPEN ENDED QUESTION
3 mins • 1 pt
What is Demand?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Name 3 factors that determine demand
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6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law of demand says
the higher the price the greater the demand
the lower the price the greater the demand
none of the above
7.
OPEN ENDED QUESTION
3 mins • 1 pt
Name two factors that causes a shift to the right in the demand curve.
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