Micro Economics Quiz
- Elasticity In Economics Is:
- Two Points On The Same Indifference Curve Represent The Same
- Which Of The Following Industries Is Most Prone To The Occurrence Of Natural Monopolies?
- Which Of The Following Is Not A Characteristic Of A Perfectly Competitive Industry?
- The Invisible Hand Refers To:
- Which Of The Following Changes Would Most Likely Increase The Price Of Music CDs?
- The Demand Curve For Cigarettes Is Steep Because:
- When The Planting Of A Beautiful Garden In One Home Increases The Happiness Of The Neighbors Who Also Have A View Of The Garden, The Garden Is Said To Create A
- According To British Economist David Ricardo, The Gains From International Trade Depend On:
- Which Of The Following Would Be An Opportunity Cost Of Going To College?
- Which Of The Following Is A Basic Characteristic Of 'Oligopoly'?
- What Effect Will A Decrease In Demand And An Increase In Supply Have On Equilibrium Price?
- In India, Inflation Measured By The -
- Which Of The Following Statements Is NOT Correct About The Factors That Gave Rise To The Consumer Movement In India?
- One Of The Essential Conditions Of "Perfect Competition" Is
A measure of responsiveness.
The relative difference in price and marginal cost.
An index used to measure market competitiveness.
Utility level
Capital level
Price level
Utility
Computer software
Agriculture
Producers set the price of their products freely.
The industry consists of many small firms producing similar products.
There is no government intervention in the industry.
Adam Smith’s description of the workings of market economies.
David Ricardo’s depiction of global gains from international trade.
Paul Krugman’s interpretation of the events preceding the financial crisis of 2007-08.
A decrease in the popularity of online music streaming services
A decrease in the cost of CD production
An increase in the price of cheese
The quantity of cigarettes demanded does not vary much with price.
When the price increases quantity of cigarettes supplied increases rapidly.
The cigarette market is competitive.
Positive externality
Positive marginal cost
Human factor of production
Comparative advantage in production
The restrictions placed by the government on trade transactions
The possession of natural resources
Four years of foregone earnings in the labor market
The student debt accumulated during college
The tuition cost of college
Few sellers, many buyers
Few sellers, few buyers
Many sellers, many buyers
Equilibrium price will fall
Equilibrium price will be constant
Equilibrium price will rise
Wholesale Price Index Number
National Income Deflator
Consumer Price Index for urban non-manual workers
Tax on soft beverages
Hoarding and Black Marketing
Frequent food shortages
same price for same things at one time
product differentiation
many sellers and a few buyers
Doji Candlestick
Doji is a very powerful candle shows a balance of supply and demand.
Read More
Hanging Man Candlestick
Hanging Man candle which gives a very strong signal of a trend reversal.
Read MoreInverted Hammer Candlestick
This candle implies a very strong signal of a trend reversal (to uptrend).
Read More
Moving Average Indicator
This indicator is used on charts for trend identification.
Read More