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Economic Principles Quiz

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Questions and Answers

Which of the following is an example of a regressive tax?

Sales tax (correct)

Progressive income tax

Value-added tax (VAT)

Property tax

What is the main objective of microeconomics?

Examining global trade patterns

Analyzing individual consumer behavior and market dynamics (correct)

Assessing the impact of government policies on businesses

Studying the overall economy of a country

What is the 'Phillips curve' in economics?

Illustrates the impact of interest rates on investment

Describes the movement of exchange rates

Shows the relationship between inflation and unemployment (correct)

Represents the relationship between supply and demand

Economic Principles Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is an example of a regressive tax?

What is the main objective of microeconomics?

What is the 'Phillips curve' in economics?

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Economic Principles Quiz

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