
Vocabulary
Quiz
•
English
•
University
•
Practice Problem
•
Hard
amirreza shakibaee
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18 questions
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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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