Ag.Econ

Ag.Econ

University

10 Qs

quiz-placeholder

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Ag.Econ

Ag.Econ

Assessment

Quiz

Other

University

Hard

Created by

Hakeem Dilangalen

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

_ sum of compensation for employees, incomes of unincorporated enterprises, dividends received from corporations and net interest earning and rents of persons and all net current transfer.

Net income
Total revenue
Operating profit
Gross income

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Which market structure is characterized by a single seller that controls the entire market supply and can set prices?

Monopoly
Monopolistic Competition
Perfect Competition
Oligopoly

3.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

In which market structure do a few large firms dominate the market, and their decisions can significantly impact each other

Monopoly
Perfect Competition
Monopolistic Competition
Oligopoly

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

In a perfectly competitive market, firms are considered:

Price setters
Monopolistic competitors
Price makers
Price takers

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

In an oligopoly, firms may engage in:

Price competition only

Collusion or price-fixing

Perfectly competitive pricing

Government regulation

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A Tax that is based on a percentage income

Regressive Tax

Progressive Tax

Property Tax

Income Tax

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Which type of tax is levied on the value of property owned?

Income Tax

Sales Tax

Property Tax

Capital Gains Tax

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