Microeconomics Quiz

What does production refer to in microeconomics?

• The number of employees in a firm

• The number of units a firm outputs over a given period of time

• The profit a firm makes in a financial year

• The total investment made by a firm

What does production time in manufacturing refer to?

• The amount of time it takes to sell one unit of a product

• The number of goods that can be produced in a given period of time

• The number of hours the manufacturing facility is open

• The time it takes to design a product

Which of the following could be another definition of production time?

• The time it takes to transport a product to the market

• The amount of time it takes to manufacture one unit of a product

• The duration of the product's life cycle

• The time spent in marketing a product

What is an investment time horizon?

• The specific date an investment matures

• The period of time one expects to hold an investment until they need the money back

• The amount of money one invests in a particular asset

• The rate of return one expects from an investment

What largely dictates time horizons in investments?

• Economic conditions

• Investment goals and strategies

• The stock market performance

• Interest rates

What is the result of an increase in capital per hour according to the text?

• Decrease in labor productivity

• Increase in labor productivity

• No change in labor productivity

• Decrease in the number of vehicles produced

What is the role of a financial intermediary?

• To provide legal advice to companies

• To act as a middleman between two parties to facilitate a financial transaction

• To offer insurance services to individuals

• To regulate the stock market

Which of the following is commonly referred to as a financial intermediary?

• Technology companies

• Educational institutions

• Commercial banks

• Non-profit organizations