Economics Final Practice Questions by Unit (Full Set)
Authored by Adrian Lorie
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78 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which enterprise is NOT an example of a market?
a neighborhood lemonade stand
New York Stock Exchange
ticket scalping
painting one's own house
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A question whose answer is based on societal beliefs is a _____ question.
objective
positive
normative
fact-based
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$4
$15
$21
$11
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
price elastic.
price inelastic.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
stop production immediately.
increase production.
decrease production.
hold production constant.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which enterprise is NOT an example of a market?
a neighborhood lemonade stand
New York Stock Exchange
ticket scalping
painting one's own house
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A question whose answer is based on societal beliefs is a _____ question.
objective
positive
normative
fact-based
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