SocScie FC 2

Which of the following could not lead to an increase in price combined with an increase in the quantity traded?

• an increase in demand combined with unchanged supply

• a decrease in demand combined with an increase in supply

• an increase in demand combined with an increase in supply

In this system, there is a dominant centralized authority - usually the government that controls a significant portion of the economic structure.

• traditional economic system

• command economic system

• market economic system

Who coined the terms microeconomics and macroeconomics?

• ragnar frisch

• adam smith

• alfred marshall

With the three fundamental economic questions in mind, which does not belong?

• how to produce?

• what to produce?

• where to produce?

• for whom to produce?

The price that the maker or manufacturer of a product recommend for it to be sold.

• suggested retail price

• price ceiling

• maximum price

Who was referred to as Amitraghata by the Greeks?

• bindusara

• ashoka

• vipisara

What were the pyramids of Egypt?

• tombs

• shrines

• administrative center

Is the world's end oldest empire?

• rome

• persia

• akkadia

Under the rule of this byzantine emperor, the iconoclastic controversy began?

• justinian l

• theodosius ll

• leo lll

Which civilization was famed for their gigantic aqueducts?

• ancient greece

• ancient rome

• ancient china