Business Economics Quiz 8 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. A situation where there is only one buyer is called

2. Types of capital rationing

3. Which of the following affects the business environment because it provides the most options for consumers?

4. Things that make you happy have _____

5. Types of cost capital

6. The imposition of a ceiling on a monopolist's price will affect his

7. Arithmetic operations are inappropriate for

8. Customers who purchase goods and services for their own use are called _____ Groups

9. A gap between unlimited wants and limited resources creates

10. One problem with globalization is _____

11. Tourism, hospitals and banking are all examples of which industry?

12. Malaysia is arguing about whether we should increase the amount of BR1M next year. This is closely related to the economic concept of

13. If a customer shops at your store because it is on his way home from work, which utility is involved

14. Which is NOT a type of specialisation?

15. Which is NOT a classification of Wants

16. We mainly study the following in Micro-Economics

17. If a commodity is used for multiple purposes then the demand for it is known as

18. Which of the following is true at equilibrium in monopolistic competition?

19. Which of the following is an example of unethical business behavior?

20. Which of the following factors wouldaccount for a PPF shifting to the right?

21. The three economic questions each organization must answer are:What should be produced? How should it be produced? and

22. Two factors involved in determining the value of a resource, good, or service are

23. Consumer reaches a saturation point for a product when MU is

24. The principle that consumers tend to buy less of a good or service when its price increases, all else held equal, is called

25. What is one of the most important principles of economics?