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Economics

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

The variation of which of the following variables produces a movement within the demand curve?

a)

rent

b)

price

c)

existence of related goods

d)

consumer preference

2.

Demand is a relationship between ...

a)

Price and quantity

b)

Quantity and rent

c)

Salary and Quantity

3.

In demand , at higher price...

a)

Less quantity is demanded and therefore is decreasing

b)

More quantity is demanded and therefore is decreasing

c)

Less quantity is demanded and therefore is growing

d)

More quantity is demanded and therefore is growing

4.

If the expectation that the price of the good rises, the demand shifts...

a)

to the right

b)

to the left

c)

it doens´t shift

5.

The point where supply and demand coincide is called:

a)

Stabilization point

b)

optimal point

c)

Equilibrium point

d)

Deadpoint

6.

What is the financial gain made in transaccions?

a)

Profit

b)

Resource

c)

wage

d)

Scarcity

7.

What are two goods that are bought and used together?

a)

Complementary goods

b)

Efficiency

c)

Market System

d)

Monopolistic competition

8.

When a state agrees to lower a tax rate for one corporation so that the corporation builds a plant or factory in that state, it is an example of.....

a)

capitalism

b)

Monopolistic competition

c)

Incentive

d)

None of them

9.

What is the study of economic behavior and decision makings of small units, such as individuals, families, and businesses called?

a)

Economics

b)

Microeconomics

c)

Economic Statistics

d)

Macroeconomics

10.

Corporations are in business for ...

a)

Non-profit

b)

Loss

c)

Stockholders

d)

Profit