Applied Eco Review Q1

Applied Eco Review Q1

12th Grade

10 Qs

quiz-placeholder

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Applied Eco Review Q1

Applied Eco Review Q1

Assessment

Quiz

Other

12th Grade

Easy

Created by

Angelica Francisco

Used 18+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It is concerned about the behavior of the individual units of the economic system.

MICROECONOMICS

MACROECONOMICS

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

  •  A place where parties can gather to facilitate the exchange of goods and services. 

BGC

Kyusi

Market

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Economics is a social science that deals with how to allocate scarce resources to satisfy man’s unlimited needs and wants

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It is the willingness of a consumer to buy a certain commodity at a given price.

Supply

Demand

Impulsiveness

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Refers to the human effort exerted in production which includes manual workers and professionals

LAND

LABOR

CAPITAL

ENTREPRENEURSHIP

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Qd = Qs is the equation used for Market Equilibrium

True

False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

it is the application of economic theory and quantitative tools to analyze specific economic problems ......

POSITIVE ECONOMICS

NORMATIVE ECONOMICS

MIXED ECONOMY

APPLIED ECONOMICS

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