Economics Final Practice Questions by Unit (Full Set)

Economics Final Practice Questions by Unit (Full Set)

University

78 Qs

quiz-placeholder

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Economics Final Practice Questions by Unit (Full Set)

Economics Final Practice Questions by Unit (Full Set)

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Adrian Lorie

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78 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which enterprise is NOT an example of a market?

a neighborhood lemonade stand

New York Stock Exchange

ticket scalping

painting one's own house

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A question whose answer is based on societal beliefs is a _____ question.

objective

positive

normative

fact-based

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

$4

$15

$21

$11

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

price elastic.

price inelastic.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

stop production immediately.

increase production.

decrease production.

hold production constant.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which enterprise is NOT an example of a market?

a neighborhood lemonade stand

New York Stock Exchange

ticket scalping

painting one's own house

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A question whose answer is based on societal beliefs is a _____ question.

objective

positive

normative

fact-based

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