economics

The supply curve slopes -------

How many lessons are there in this subject?

Select all the needs below

• Things you essential for survival

• Food, clothing, shelter

• Desires that are not essential to survive

• Soda, Wifi, Netflix

what is variable analysis?

• variable relationships in their analysis with an emphasis on considering the relationship of one variable at a time. This is called ceteris paribus (Latin translated as meaning one at a time). Each variable is evaluated relative to itself rather than in combination with many other variables

• variable relationships in their analysis with no emphasis on considering the relationship of one variable at a time. This is called ceteris paribus (Latin translated as meaning one at a time). Each variable is evaluated relative to itself rather than in combination with many other variables

• variable relationships in their analysis with an emphasis on considering the relationship of one variable at a time. This is called ceteris paribus (Latin translated as meaning one at a time). Each variable is not evaluated relative to itself rather than in combination with many other variables

• variable relationships in their analysis with an emphasis on considering the relationship of one variable at a time.

The law of supply states that...

• supply will remain stable when the price goes up

• the quantity supplied of a good decreases when the price of the good increases

• the quantity supplied of a good increases when the price of the good rises

• supply will increase when the price goes down

The study of economics is divided into

• Choice and sacrcity

• Big and small economics

• Labour and capital economics

• Macroeconomics and Microeconomics

The higher the position of the indifference curve from its initial point means ________.

• minimum level of satisfaction

• there is no difference in the level of satisfaction

• the level of satisfaction is higher

• the level satisfaction is zero

What is final test about?

• Presentation about topics

• Essay writing about topics

• Written test with 25 MPC questions

• Written test with 20 MPC questions and 10 questions to fill in the blank

Wants are

• Things you essential for survival

• Food, clothing, shelter

• Desires that are not essential to survive

• Air, water, food

Total utility is maximum when marginal utility is ____.

• positive

• maximum

• zero

• negative