Business Economics
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is an economic problem in the business world?

  • The availability of items or products needed (correct)
  • The behavior of the shopkeeper
  • The number of customers in a shop
  • The ease of availability of items

What does a producer need to find solutions for?

  • The behavior of the shopkeeper
  • The number of customers in a shop
  • Consumer needs and wants
  • Economic problems (correct)

What are some possible reasons for shops without any customers?

  • The availability of items or products needed
  • The behavior of the shopkeeper (correct)
  • The varieties of items or products
  • The ease of availability of items

What are some factors that can contribute to economic problems?

<p>The availability of items or products needed (B)</p> Signup and view all the answers

What does a consumer have?

<p>Consumer needs and wants (A)</p> Signup and view all the answers

Which of the following best describes the purpose of Business Economics?

<p>To bridge the gap between economic theories and the real world (C)</p> Signup and view all the answers

What is the focus of microeconomics?

<p>A small number of individual units in the economy (A)</p> Signup and view all the answers

How is economics broadly divided?

<p>Into microeconomics and macroeconomics (B)</p> Signup and view all the answers

What is the main difference between economic theories and the real economic world?

<p>Economic theories are hypothetical, while the real economic world is practical (D)</p> Signup and view all the answers

What is the nature of business economics?

<p>To bridge the gap between theory and practice (A)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Open
Browser
Browser