مقدمه في الاقتصاد

1. Are the markets in which resources—labor, capital, and land—used to produce products, are exchanged.

• a. Outputmarkets

• b. Money Markets

• d. Input markets

• c. VirtualMarkets

Is a consumer’s willingness and ability to buy products at a given price during a certain period of time.

• Savings

• Sale

• Consuming

• Demand

3. The total sum of the demands of all individual consumers, who purchase the commodity in the market.

• Market supply

• Demand

• Market demand

• Commodity

The relationship between price of a commodity and demand is:

• Negative relationship

• Positive relationship

• Pivotal relationship

• Insignificant relationship

The relationship between consumer income and demand is:

• Insignificant relationship

• Positive relationship

• Interventional relationship

• Negative relationship

The relationship between demand and price of a substitute is:

• Positive relationship

• Negative relationship

• Interventional relationship

• Insignificant relationship

The relationship between demand and price of a complement is:

• Negative relationship

• Pivotal relationship

• Positive relationship

• Insignificant relationship

. The goods used together called:

• Substitute commodities

• Complementary commodities

• Normal commodities

• Overlapping goods

Both shows the positive relationship between price and the quantity of supply

• The price and the value

• Supply schedule and supply curve

• Relatedgoodsandnon-related

• Goods and services

Change in price of a good or service leads to:

• Change in quantity supply, movement along curve

• Change in supply, shift along of the curve

• Change in supply, change of curve

• All above is wrong