Economics 2010 | Study Mode

Join Discuss Share to WhatsApp
Question 1
A
efficient allocation of resources
B
production of goods
C
operation of companies
D
generation of income
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: A
Join Discuss Share to WhatsApp
Question 2
A
efficient allocation of resources
B
the invisible hand
C
the regulatory nature of the market
D
consumer rationality
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 3
A
always measured from the mode
B
the most representative of averages
C
always measured from the median
D
a measure of dispersion
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 4
A
is not affected by extreme values in a data
B
is a midpoint value in an array of data
C
is a balancing point in an observation
D
can be calculated from incomplete data
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 5
A
range
B
mean
C
mode
D
median
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 6
A
equally by consumers and producers
B
more by producers
C
more by consumers
D
more by retailers and producers
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
Join Discuss Share to WhatsApp
Question 7
A
double
B
increase
C
be constant
D
decrease
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 8
A
inelastic
B
perfectly elastic
C
elastic
D
unitarily elastic
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 9
A
choice is not consistent
B
utility can be ranked
C
total utility is a function of price
D
satisfaction is measurable
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
Join Discuss Share to WhatsApp
Question 10
A
the slope of a normal demand curve is negative
B
an abnormal demand curve slopes upwards
C
the slope of a normal demand curve is positive
D
the consumption of inferior goods increases with income
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: A

Try this quiz in in E-test/CBT Mode
switch to Economics 2010 in CBT Mode

Next Page