Micro Economics quiz
- Zero Price Elasticity Of Demand Means
- Which Of The Following Is The Most Close To The Definition Of Oligopoly?
- Duopoly Is The Special Case Of Which Type Of Market Structure?
- Which Of The Following Correctly Describes The Nature Of India’s Economy?
- In Economic Terms, Globalization Is The Process Of Rapid ______ Between Countries.
- A Good For Which Demand Decreases With Increase In Income Of Consumer Is Called
- The Law Of Demand Implies That The Demand Curve
- Which Of The Following Is Not Correct With Respect To Consumer Price Index?
- Which Of The Following Is NOT Related To Microeconomics?
- Which Of The Following Is Measured By The Lorenz Curve?
- The Condition In Which Market Supply Matches Market Demand Is Called
- The Statement "Supply Creates Its Own Demand" Is Given By
- Zero Price Elasticity Of Demand Means
- The Law Of Demand States That:
- A Situation Where The Expenditure Of The Government Exceeds Its Revenue Is Called ______.
whatever the change in price, there is absolutely no change in demand
for a small change in price, there is a large change in demand
for a large change in price, there is a small change in demand
The cigarette industry
The welding shop
Wheat growing farmers
Oligopoly
Monopsony
Monopoly
Mixed Economy
Socialist Economy
Capitalist Economy
Integration
Investment
Competition
Inferior good
Giffen good
Public good
slopes down
first slopes up and then slopes down
slopes up
CPI-U is the Consumer Price Index for Rural Consumers.
It measures the average change in prices of a basket of goods
It is the most widely used measure of inflation
Unemployment
Labor Economics
Demand, Supply, and Equilibrium
Inequality of Income
Unemployment
Population growth rate
Equilibrium
Normalisation
Equalisation
J.B. Say
Thomas Jefferson
James Madison
whatever the change in price, there is absolutely no change in demand
for a large change in price, there is a small change in demand
for a small change in price, there is a large change in demand
as the price rises, the demand falls
as the price rises, the demand rises
as the demand rises, the price rises
Budget Deficit
Default Financing
Deficit Revenue