
EQL221 1
Quiz
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Other
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2nd - 10th Grade
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Practice Problem
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Easy
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
________ is the branch of economics that studies the performance of an economy.
Microeconomics
Macroeconomics
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Macroeconomics covers huge number of people in the economy.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Macroeconomic factors are the broad indicators of financial growth or decline that affect an economy.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A macroeconomic factor may be positive or negative based on how it affects the economy.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
______ reflect the amount of return earned by investing money.
Inflation
Interest rate
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Higher interest rates indicate a _____ value for the currency of a national economy.
higher
lower
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Inflation is an increase in the cost of goods or services over a period of time.
True
False
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