ECONOMICS

ECONOMICS

University

9 Qs

quiz-placeholder

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ECONOMICS

ECONOMICS

Assessment

Quiz

Social Studies

University

Practice Problem

Easy

Created by

Smruti Singhari

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What do you mean by the supply of goods?

Stock available for sale

Total stock in the warehouse

The actual production of the goods

Quantity of the goods offered for sale at a particular price per unit of time

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Q. How many SDGs are there?

12

17

13

15

3.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

A person who uses and buys goods and services 

money 
producer 
consumer 
economics 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Importing more than exporting is

trade surplus
trade deficit
balance of trade
balance of payment

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is the relation that the law of demand defines?

Income and price of a commodity

Price and quantity of a commodity

Income and quantity demanded

Quantity demanded and quantity supplied

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An increase in the value of currency is called

appreciation
depreciation
trade surplus
exchange rate

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What do you mean by a mixed economy?

Modern and traditional industries

Public and private sectors

Foreign and domestic investments

Commercial and subsistence farming

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