MICROECONOMICS

MICROECONOMICS

University

20 Qs

quiz-placeholder

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MICROECONOMICS

MICROECONOMICS

Assessment

Quiz

Social Studies

University

Practice Problem

Hard

Created by

Ronah Marie Maturan

Used 175+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call an important variable in the market who demands the goods and services?

Consumer

Consumer Behavior

Consumer Goods

Consumer Surplus

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This variable in the market refer to anything that provides satisfaction to the needs, wants and desires of the consumer.

Goods

Services

Taste

Preference

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This refers to any intangible economic activities that contribute directly or indirectly to the satisfaction of human wants.

Goods

Services

Taste

Preference

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of goods refers to anything that yields satisfaction directly to any consumer.

Consumer Goods

Essential Goods

Luxury Goods

Necessity Goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are goods that satisfy the basic human needs

Consumer Goods

Essential Goods

Luxury Goods

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call those goods which man may do without, but brings comfort and well-being to him?

Consumer Goods

Essential Goods

Luxury Goods

Necessity Goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following identifies the basic priorities of every consumer?

Bloom's Taxonomy

Maslow's Hierarchy of Needs

Social Stratification

Division of Labor

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