Home Economics

Economics

by Usman CB

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics is a field which analyzes what’s viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements

Eco401 latest Quiz 3

13

Let's Start!

Ops Times End!


Created on By ?s=32&r=gTayyaba Bibi

Eco401 latest Quiz 3

Eco401 latest Quiz 3 Dated-08-22

1 / 12

Aslam decides to stay at home and study for his exam rather than going out with his friends to a movie. His dilemma is an example of:

2 / 12

In which case, total expenditure in an economy is not equal to total income?

3 / 12

Right after the Christmas holidays and during those three weeks before class begins in

January.

4 / 12

Pakistan will win the World Cup.

5 / 12

According to classical economists, the:

6 / 12

An important difference between the approaches of the classical and Keynesian economists use to achieve a macroeconomic equilibrium is that:

7 / 12

The gold standard was an example of what kind of exchange-rate system?

8 / 12

Keynes advocated demand-side policies to lift the economy out of that equilibrium towards full employment.

9 / 12

Which of the following is the Fisher Equation of Exchange?

10 / 12

According to Classical models, the level of employment is determined primarily by:

11 / 12

Unemployment benefits may increase the unemployment rate because unemployment benefits:

12 / 12

If injections are less than withdrawals at the full-employment level of income then there arises:

Your score is

The average score is 32%

0%

ECO403 Midterm Quiz

2

Let's Strat!

Ops Times End!


Created on By ?s=32&r=gTayyaba Bibi

ECO403 Midterm Quiz

ECO403 Midterm Quiz 01-07_22

1 / 12

The difference between exports and imports in determining the GDP is known as the:

2 / 12

An increase in investment is most likely to be caused by:

3 / 12

Which of the following is true about M1?

4 / 12

Which of the following expenditures are counted as part of government consumption and investment?

5 / 12

In the Solow growth model, persistent increases in standards of living are due to which of the following?

6 / 12

If a change in the price of one good has no effect on the quantity demanded of another good, then both goods are ________.

7 / 12

All the points on the indifference curve give equal level of

8 / 12

Total utility increases at a decreasing rate is shown by negative slope of ________ curve.

9 / 12

In product market:

10 / 12

The Golden Rule level of capital accumulation k*gold denotes the steady state with the heighest:

11 / 12

An increase in investment is most likely to be caused by:

12 / 12

The Slow residual measures:

Your score is

The average score is 17%

0%

ECO402 Midterm Quiz

3

Let's Start!

Ops Times End!


Created on By ?s=32&r=gTayyaba Bibi

ECO402 Midterm Quiz

ECO402 Midterm Quiz 1-07-22

1 / 12

Total utility increases at a decreasing rate is shown by negative slope of ________ curve.

2 / 12

All the points on the indifference curve give equal level of

3 / 12

If a change in the price of one good has no effect on the quantity demanded of another good, then both goods are ________.

4 / 12

Which of the following is NOT true about indifference curve?

5 / 12

The additional satisfaction a consumer gains from consuming one more unit of a good is called as:

6 / 12

Which of the following is correct mathematical formula of marginal cost?

7 / 12

If a change in the price of one good has no effect on the quantity demanded of another good, then both goods are ________.

8 / 12

Which of the following is correct?

9 / 12

Cross-price elasticity of demand for the substitute goods will always be:

10 / 12

Which of the following inputs is(are) variable in the long run?

11 / 12

Coffee and tea are considered as substitutes if price of coffee increases then it will shift

12 / 12

When the two goods are perfect substitutess to each other then the marginal rate of substitution for them will be:Zero

Your score is

The average score is 14%

0%

ECO401 Midterm Quiz

Wrong shortcode initialized

ECO 402 Quiz 1

2

Let's Start!

Ops Times End!


Created on By ?s=32&r=gTayyaba Bibi

ECO 402 Quiz1

ECO 402 Quiz1 Dated 13-06-22

1 / 11

If an economy is operating at a point inside the production possibilities curve,

2 / 11

Which of the following sayings best reflects the concept of

opportunity cost?

3 / 11

Adam Smith believed that if people were free to pursue their own interests, then

4 / 11

Which one of the following is a positive economic statement?

5 / 11

What do economists mean when they state that a good is scarce?

6 / 11

Economic choice and competitive behavior are the result of

7 / 11

Rationing is

8 / 11

The expression, "There's no such thing as a free lunch" implies that

9 / 11

Which of the following is most clearly consistent with the basic postulate of

economics with regard to human decision making?

10 / 11

The basic difference between macroeconomics and microeconomics is that

11 / 11

Economic analysis assumes that

Your score is

The average score is 32%

0%

Introduction to Economics ECO401

6

(Lets' Start You Quiz) 

Ops Times End!


Created on By ?s=32&r=gUsman Ali

Introduction to Economics ECO401

ECO401 Quiz 1

1 / 10

1) The services of land and capital are exchanged through:

2 / 10

2) If the demand for a good or service is inelastic then increase in its price:

3 / 10

3) If price elasticity of supply is zero, then the supply curve will be:

4 / 10

4) Suppose a good is having elastic demand. If price of a good increases:

5 / 10

5) Which policy moves the economy from equilibrium to a state of surplus?

6 / 10

6) Demand tends to be more elastic in the

7 / 10

7) When the price of wheat rises by 10% the quantity of wheat purchased
falls by 4%. This shows that the demand for wheat is:

8 / 10

8) The services of land and capital are exchanged through.

9 / 10

9) Which of the following is a determinant of quantity supplied?

10 / 10

10) The minimum wage set by the government is an example of:

Your score is

The average score is 37%

0%