1. The approach to production, using a resource combination which includes a small capital and much labour is…………….

review unit 1-unit 4

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English
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University
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Hard
Nguyễn Ly
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
capital-intensive
labour-intensive
money-intensive
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.......................is the periodic changes or the up and downs in the level of a nation’s economic activity.
demand
utility
supply
business cycle
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
………………in a perfectly competitive market are subject to the prices determined by the market and do not have any leverage.
suppliers
seller
buyers
producers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Microeconomics is a branch of economics that studies the …………. …of individuals and small impacting organizations in making decisions on the allocation of limited resource.
activities
behaviours
action
attitudes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy,……………………….are the major decision makers of what to produce
buyers
sellers
government
manufacturers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
……..describe a market in which there is only one seller or a very limited number of sellers
monopoly
perfect competition
market failure
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
……..describe a market in which there is only one seller or a very limited number of sellers
duopoly
monopoly
perfect competition
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