Business Economics

Business Economics

University - Professional Development

25 Qs

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Business Economics

Business Economics

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University - Professional Development

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SARANYA S

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a microeconomics statement ?

the real domestic output increased by 2.5 % last year

unemployment was 9.8% of the labour force last year

the price of wheat determines its demand

the general price level increased by 4% last year

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which theory is generally included under micro economics?

price theory

income theory

employment theory

trade theory

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What theory is generally included under micro economics ?

price theory

income theory

employment theory

trade theory

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are the macro economics system ----

capitalistic

socialism

mixed

all the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

------- have exchange value and their ownership rights can be established and exchange

goods

service

markets

revenues

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The actual value for elasticity of the demand of a product or service rages from

zero to infinity

one to infinity

zero to one

none of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Movement along the demand curve shows

expansion and contraction of demand

expansion of demand

contraction of demand

none of the above

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