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Мікроекономіка

Authored by John Robinson

Social Studies

12th Grade

Мікроекономіка
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15 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What term deals with the study of specific components within a major economy?

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary focus of microeconomics?

Individual markets and consumers

National economic policies

Global trade agreements

Historical economic trends

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a concept studied in microeconomics?

Inflation rates

Consumer behavior

Fiscal policy

Exchange rates

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the law of demand state?

As price increases, demand increases

As price decreases, demand decreases

As price increases, demand decreases

Price and demand are unrelated

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which market structure is characterized by a single seller?

Perfect competition

Monopoly

Oligopoly

Monopolistic competition

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for the additional satisfaction gained from consuming one more unit of a good?

Total utility

Marginal utility

Average utility

Diminishing utility

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In microeconomics, what is a 'price taker'?

A firm that sets its own prices

A firm that accepts the market price

A firm that influences market prices

A firm that avoids market prices

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