Vocabulary

Vocabulary

University

18 Qs

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Vocabulary

Vocabulary

Assessment

Quiz

English

University

Practice Problem

Hard

Created by

amirreza shakibaee

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to evaluate something?

To analyze only its price

To decide how valuable it is after considering its features

To purchase it immediately

To ignore its features

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are goods in economics?

Services that provide satisfaction

Only tangible products

Items that cannot be sold

All things from which individuals derive satisfaction or happiness

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does limited refer to in economics?

The study of macroeconomics

Unlimited wants

A small amount or degree of something

An abundance of resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is macroeconomics?

The branch of economics that studies the entire economy

The study of individual markets

A method of predicting consumer behavior

The analysis of specific industries

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of microeconomics?

Unemployment rates

The entire economy

Markets, prices, and industries

Aggregate production

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are models or theories in economics?

Only mathematical equations

Simplified representations used for predictions

Complex representations of reality

Unverified assumptions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does normative economics involve?

Value judgments about economic policies

Purely scientific predictions

Descriptive statements about the economy

Statistical analysis of data

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