What are the two categories in which Economics is broadly divided?
Marketing Principles Final Exam

Quiz
•
Business
•
9th Grade
•
Easy
Graham Haney
Used 5+ times
FREE Resource
33 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government and Cultural
Macroeconomics and Microeconomics
Social and Business
Large Scale and Small Scale
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the analysis of a company’s internal strengths and weaknesses and external opportunities and threats?
POP Analysis
Business Analysis
SWOT Analysis
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The loss of potential gain from among other alternatives, when one alternative is chosen is known as?
Opportunity cost
Lost of Profit
Alternative gain
Gain in Choices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choosing between two things that can't be had or done at the same time; so it's giving up something you want in exchange for something else you want, often as a compromise is commonly known as?
Profit Exchange
Alternative gain
Trade-off
Item Debate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the economic question(s) that every society must answer?
What should be produced?
How should it be produced?
For whom it is being produced?
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All the components needed for production including natural resources, labor, capital goods, and expertise is known as?
Supplies
Resources
Necessities
Aspects of production
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Talking to a friend is considered to be a(n)?
Economic Wants
Noneconomic Wants
I should probably choose between A and B
None of the above
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