
Revision quiz
Authored by Joydeep chatterjee
Other
11th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of Economy the consumer is considered the King ?
Socialism
Mixed
Capitalism
Traditional
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of economy the government has full economic control
Capitalism
Socialism
Mixed
Traditional
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why will a consumer buy more at the same price ?
Taste & preference is for the product
Taste & preference is against the product
Substitutes are cheaper
Complementary goods are expensive
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If price of product A increases the demand of product B falls
A & B has positive cross elasticity
A & B has negative cross elasticity
A & B has zero cross elasticity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During market period, the supply elasticity is
1
0
less than 0
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply curve originates from X - axis , supply elasticity is
less than 1
More than 1
Equal to 0
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During full employment levels, there does exist some frictional unemployment
True
False
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