MicroEconomics Quiz 4 [ 100+ Quiz with Answers ]



Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.
  1. Elasticity in economics is:

  2. Two points on the same indifference curve represent the same...

  3. Which of the following industries is most prone to the occurrence of natural monopolies?

  4. Which of the following is not a characteristic of a perfectly competitive industry?

  5. The invisible hand refers to:

  6. Which of the following changes would most likely increase the price of music CDs?

  7. The demand curve for cigarettes is steep because:

  8. 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...

  9. According to British economist David Ricardo, the gains from international trade depend on:

  10. Which of the following would be an opportunity cost of going to college?

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Multiple Choice Questions

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