Micro Activity

Micro Activity

University

8 Qs

quiz-placeholder

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Micro Activity

Micro Activity

Assessment

Quiz

Education

University

Hard

Created by

Farida Emara

Used 17+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

1.     THE SOURCE OF THE HOUSEHOLDS’ INCOME IS MIGHT TO BE:

A)   Rent

B)   Wages

C)   Interest

D)   All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

    WHICH OF THE FOLLOWING IS A MICROECONOMIC TOPIC?

A)   the reasons for a decline in average prices

B)   the reasons why Kathy buys less orange juice

C)   the cause of why total employment may decrease

D)   the effect of the government budget deficit on inflation

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The supply curve of product X moves to the left just if ....

The production costs increase

The level of technology improves

The price of product X increases.

The price of product X decreases.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If the government imposed a ceiling price of 10 EGP; knowing that the market price is 15 EGP then, the market would suffer:

A surplus

A shortage

A decrease in supply

No effect

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors of production include all of the following EXCEPT

A machines made in past years.

Taxes

an wheat field that is not irrigated.

entrepreneurship

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Periods of full employment correspond to

Points outside the PPF.

Points inside the PPF.

Points on the PPF

Either points inside or outside the PPF

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Economists point out that scarcity confronts

the rich but not the poor

the poor but not the rich

both the poor and the rich

neither the poor nor the rich

8.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In the mixed economy

economic problems are solved by the government and market

economic decisions are made by the private sector and free market

economic allocation is achieved by the invisible hand

economic questions are solved by government departments