PRELIM EXAM - Managerial Economics - 1st Semester SY 2025-2026
Authored by Lorence Abejuela
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is considered the father of Economics?
Alfred Marshall
Lionel Robbins
Adam Smith
David Ricardo
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is primarily concerned with:
Study of foreign trade
Study of capital markets
Human behavior under scarcity
Production of luxury goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Alfred Marshall, economics is:
A study of political systems
Study of wealth only
Study of man's actions in the ordinary business of life
Study of trade and exchange
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Microeconomics deals with:
National income
Aggregate demand
Individual consumers and firms
Inflation and deflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand exists only when a desire is backed by:
Credit score
Reputation
Ability and willingness to pay
Subsidy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a characteristic of consumer goods?
Used in manufacturing
Yield satisfaction indirectly
Generate income
Give immediate satisfaction
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Derived demand refers to:
Demand caused by advertising
Demand based on derived preferences
Demand for inputs arising from demand for final goods
Independent demand
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