2° Partial / Economic
Quiz
•
Business
•
5th Grade
•
Medium
KATIA LIZZETE BOLAN RUIZ
Used 2+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
1.- Microeconomics studies the behavior of the simplest units
a) True
b) False
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
2.- The microeconomics studies the households
a) True
b) False
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
3.- Microeconomics is responsible for studying and establishing the decisions they face on a day-to day basis regarding this reality and describes the best way to maximize their economic well-being.
a) True
b) False
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
4.- Macroeconomics isn’t the branch of economics that deals with the structure
a) True
b) False
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
5.- The demand is an economic principle referring to a consumer’s desire to purchase goods and services
a) True
b) False
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
6.- Supply in economics states that as the price of a good or service increases, the quantity of goods or services increases and vice versa.
a) True
b) False
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
7.- A product is considered to be elastic if the quantity demand of the product changes more that proportionally when its price increases or decreases.
a) True
b) False
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