Economics 2
Authored by Ja P
Social Studies
Professional Development
Used 13+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
They are the curves that represents various combinations of two inputs that produce the same amount of output.
Isoquant
Long run curve
Short run curve
Marginal cost curve
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The ratio of the percentage change in quantity demanded to the percentage change in price; measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand
Price elasticity
Income elasticity
Cross elasticity
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Large No of firms with homogeneous products is a feature of
Oligopoly
Perfect competition
Monopoly
Monopolistic
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A single producer, without close substitute is a feature of
Monopoly
Monopolistic
Oligopoly
Perfect competition
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Many firms with real or perceived product differentiation is a feature of
Monopoly
Monopolistic
Oligopoly
Perfect competition
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Few firms with little or no product differentiation is a feature of
Monopoly
Monopolistic
Oligopoly
Perfect competition
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Manufacturing: tea, toothpastes, soaps, TV sets, shoes, refrigerators etc is the nature of product prevalent in which industry
Monopoly
Monopolistic
Oligopoly
Perfect competition
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
