ECONS QUIZ

How many non-price factor demands were mentioned in our presentation?

• 4

• 5

• 6

• 7

Which is NOT part of the scarcity principle ?

• Business

• Personal

• Family

• Collective

How does a +ve change in tastes/preferences for a good affect its demand curve?

• Shift Right

• Shift Left

According to the marginalist principle, what is the optimal decision making process?

• MB>MC

• MB=MC

• MC>MB

• MB+MC

Would you spend $2000 to purchase a direct flight from Singapore to New York?

• YEAH

• NAHH

Do you want to be an aviation specialist?

• YES

• NO