Arithmetic definition part 3

Arithmetic definition part 3

Professional Development

•

30 Qs

quiz-placeholder

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Arithmetic definition part 3

Arithmetic definition part 3

Assessment

Quiz

•

Business

•

Professional Development

•

Practice Problem

•

Hard

Created by

J Lang

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30 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are the two classifications of goods and services?

Local and imported

Raw and finished

Consumer and producer

Ready-made and made-to-order

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the opposite of perfect competition?

Monopsony

Oligopoly

Oligopsony

Monopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under ordinary simple interest, how many days in one year?

300

360

365

366

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the market situation exist when there are many buyers and many sellers?

Perfect competition

Oligopoly

Oligopsony

Monopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?

Producer products

Consumer products

Luxury

Necessity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What market situation exists where there is only one buyer and only one seller?

Monopsony

Monopoly

Bilateral monopsony

Bilateral monopoly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What market situation exists where there are few sellers and few buyers?

Oligopoly

Oligopsony

Bilateral oligopoly

Bilateral Oligopsony

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