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macroeconomics class

Authored by temiloluwa ajibade

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macroeconomics class
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9 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

the study of how individuals make decisions in the society is what

Macroeconomics

Microeconomics

none of the above

all of the above

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

the study of how the entire economy work is what?

Macroeconomics

Microeconomics

none of the above

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The law of Demand states that the higher the price the lower the quantity demanded, true or false?

False

True

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The law of Supply states that the higher the price the lower the quantity supplied, true or false?

False

True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of this is NOT a type of economic system?

free Market economy

Planned economy

mixed Economy

Foreign economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

economic institution differs from country to country True or False?

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of this is not a MACROECONOMICS variable

Inflation

unemployment

interest rate

household goods

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