AAA406 - QUIZ 1 - 20244

AAA406 - QUIZ 1 - 20244

University

17 Qs

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AAA406 - QUIZ 1 - 20244

AAA406 - QUIZ 1 - 20244

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

DZUL FADLI ASRAF DZUL-KIFLI

Used 13+ times

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17 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 2 pts

The Economics is defined as how people allocate their ___________ to fulfill their _____________

Limited Resources
Unlimited needs
Labor
Cost
Equity

2.

MULTIPLE SELECT QUESTION

30 sec • 3 pts

Select the three (3) categories of resources

Labour
Cost
Capital
Efficiency
Land

3.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

What is the two (2) branch of Economics

4.

MULTIPLE SELECT QUESTION

30 sec • 2 pts

Select the two (2) goals of microeconomics

Efficiency
Land
Capital
Equity
Policy

5.

MULTIPLE SELECT QUESTION

30 sec • 3 pts

Select the three (3) goals of macroeconomics

Rapid Economics Growth
Stable Prices
High Employment
Inflation
Unlimited Resources

6.

MULTIPLE SELECT QUESTION

30 sec • 2 pts

Select two (2) components of Opportunity cost

Supply and Demand
Monetary
Labour
Non-monetary
Choice

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of an Economic Model which measures the potential output of an economic identity?

Supply Curve
Equilibrium
Production Possibilities Frontiers
Unlimited Resources
Opportunity Cost

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