Economic
Authored by Phú Trương
Business
University
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Inflation is defined as:
A decrease in prices over time
An increase in prices over time
No change in prices over time
A decrease in the money supply
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a characteristic of a perfect competition market structure?
many buyers and sellers
easy entry and exit
homogenous products
high barriers to entry
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which market structure has a few large firms dominating the industry?
perfect competition
monopolistic competition
oligopoly
monopoly
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is not a non-price determinant of supply?
Income
Taxes
Expectations of producers
number of seller
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following will cause a leftward shift to the supply curve?
An increase in supply due to government subsidy
An increase in supply due to the increase in prices
An decrease in supply due to the decrease in prices
An decrease in supply due to future expectations
6.
OPEN ENDED QUESTION
15 mins • 1 pt
How is inflation measured?
Evaluate responses using AI:
OFF
7.
OPEN ENDED QUESTION
15 mins • 1 pt
List all the types of unemployment. Define one.
Evaluate responses using AI:
OFF
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