MCQ Questions
Q.1.
The aim of the study of macroeconomics is to examine
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    the behavior of factors affecting the economy.
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    households and firms
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    the exchange of goods and services for money
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    microeconomics
Q.2.
Which best describes what occurs in the product market?
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    the exchange of goods and services for money
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    the behavior of factors affecting the economy.
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    households and firms
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    Prices are set.
Q.3.
In microeconomics, what occurs when equilibrium is reached?
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    models.
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    households and firms
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    Prices are set.
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    microeconomics
Q.4.
This is a graph showing price and total output in the short and long run.According to this graph, how does supply behave in the short run and long run?
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    microeconomics
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    Output reacts differently.
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    Output remains constant.
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    households and firms
Q.5.
The circular flow model examines interactions between which two groups?
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    Prices are set.
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    Output remains constant.
  • 0%
    households and firms
  • 0%
    microeconomics
Q.6.
This is a graph showing price and total output in the short and long run.According to this graph, how does supply behave in the long run?
  • 0%
    households and firms
  • 0%
    Output reacts differently.
  • 0%
    Output remains constant.
  • 0%
    microeconomics