Recent

  • Show all results for ""
Economics Fundamentals
30 Questions
0 Views

Economics Fundamentals

Created by
@OrganizedUnakite6396

Questions and Answers

Which branch of economics deals with the behavior of individual households and firms in making decisions on the allocation of limited resources?

  • Microeconomics (correct)
  • Macroeconomics
  • Both Microeconomics and Macroeconomics
  • None of the above

    • What is the problem that arises due to unlimited wants but limited resources?

  • Scarcity (correct)
  • Demand
  • Surplus
  • Equilibrium

    • What is the study of making choices called?

  • Economics (correct)
  • Macroeconomics
  • Microeconomics
  • None of the above

    • What does economics study?

    <p>All of the above</p> Signup and view all the answers

    What is the branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole?

    <p>Macroeconomics</p> Signup and view all the answers

    What are the two branches of economics mentioned in the text?

    <p>Microeconomics and Macroeconomics</p> Signup and view all the answers

    What do the x and y coordinates represent in a graph?

    <p>x-coordinate represents distance on a line and y-coordinate represents quantity</p> Signup and view all the answers

    What is the shared zero point of the x and y axes called?

    <p>Origin</p> Signup and view all the answers

    What is the branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources?

    <p>Microeconomics</p> Signup and view all the answers

    What type of relationship exists when both variables in a graph move in the same direction?

    <p>Positive relationship</p> Signup and view all the answers

    During the exam, what will be considered as 'cheating'?

    <p>Writing on hand palms or anywhere else</p> Signup and view all the answers

    What will be the consequence of 'cheating' during the exam?

    <p>An 'F' grade</p> Signup and view all the answers

    What are students allowed to carry during the exam?

    <p>Pen, pencil, eraser, sharpener, ruler, highlighter, and calculator</p> Signup and view all the answers

    What will students be rewarded for?

    <p>Working hard</p> Signup and view all the answers

    What will result in an 'F' grade?

    <p>Writing on hand palms</p> Signup and view all the answers

    What materials are not allowed to be carried during the exam?

    <p>Books and food</p> Signup and view all the answers

    What will be considered as 'cheating'?

    <p>Writing on hand palms</p> Signup and view all the answers

    What will be the consequence of 'cheating' during the exam?

    <p>An 'F' grade</p> Signup and view all the answers

    What are students allowed to carry during the exam?

    <p>Pen, pencil, eraser, sharpener, ruler, highlighter, and calculator</p> Signup and view all the answers

    What will students be rewarded for?

    <p>Working hard</p> Signup and view all the answers

    Which one of the following statements best describes a negative relationship between two variables?

    <p>As one variable increases, the other variable decreases.</p> Signup and view all the answers

    What does the slope of a line or curve represent?

    <p>The steepness of the line or curve.</p> Signup and view all the answers

    Which of the following best describes a linear relationship between two variables?

    <p>The relationship is represented by a straight line.</p> Signup and view all the answers

    What is the general form of a linear equation representing the relationship between x and y variables?

    <p>y = a + bx</p> Signup and view all the answers

    What is the y-intercept of a line?

    <p>The point where the line intersects the y-axis.</p> Signup and view all the answers

    What does a positive slope indicate in a linear relationship?

    <p>Both x and y variables increase or decrease at the same time.</p> Signup and view all the answers

    What does a negative slope indicate in a linear relationship?

    <p>The value of one variable increases while the other decreases.</p> Signup and view all the answers

    What does a graph represent in economics?

    <p>The relationship between variable quantities.</p> Signup and view all the answers

    What does the dependent variable represent in a graph?

    <p>The variable that responds to changes in the independent variable.</p> Signup and view all the answers

    What is the purpose of quizzes in this course?

    <p>To assess understanding of the material.</p> Signup and view all the answers

    More Quizzes Like This

    Economics Fundamentals Quiz
    8 questions

    Economics Fundamentals Quiz

    HotJustice avatar
    HotJustice
    Economics Fundamentals Quiz
    3 questions

    Economics Fundamentals Quiz

    GoldSerendipity avatar
    GoldSerendipity
    Economics Fundamentals Quiz
    5 questions

    Economics Fundamentals Quiz

    DeadCheapVictory avatar
    DeadCheapVictory
    Economics Fundamentals Quiz
    12 questions

    Economics Fundamentals Quiz

    InnovativeAstronomy6482 avatar
    InnovativeAstronomy6482
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser