Essay About Pic And Marginal Productivity Of Factors Of Productions

Multiple Choice: The Study of Economics
1.[pic 1] Multiple Choice: The study of economics arises due to [pic 2]Points:0.5QuestionThe study of economics arises due toAnswerscarcitygreedmoneyresources[pic 3]Multiple Choice: Every society faces economic trade- 2.[pic 4] Multiple Choice: Every society faces economic trade-… [pic 5]Points:0.5QuestionEvery society faces economic trade-offs. this meansAnswernot everyone can have enough goods to survivesome people live better than others doproducing more of one good means less of another good can be produced.societys output cannot be made available to all.[pic 6]Multiple Choice: Which of the following is a positiv… 3.[pic 7] Multiple Choice: Which of the following is a positiv… [pic 8]Points:0.5QuestionWhich of the following is a positive economic statement?AnswerThe number of work visas should not be limited by the governmentThe government should subsidize solar power for homeowners.The minimum wage law causes unemployment.People should not buy imported fruits and vegetables.[pic 9]Multiple Answer: —— occurs when economic bene… 4.[pic 10] Multiple Answer: —— occurs when economic bene… [pic 11]Points:0.5Question——occurs when economic benefits are distributed fairly.AnswerAllocative efficiencyscarcityProductive efficiencyEquity[pic 12]Multiple Choice: Because marginal productivity of fa… 5.[pic 13] Multiple Choice: Because marginal productivity of fa… [pic 14]Points:1QuestionBecause marginal productivity of factors of productions is diminishing, production possibilities frontier is……AnswerConvex towards origin Concaved towards originStraight line there is no correct answer[pic 15]Multiple Choice: Hala can bake either a combination o… 6.[pic 16] Multiple Choice: Hala can bake either a combination o… [pic 17]Points:1QuestionHala can bake either a combination of 35 tarts and 75 cupcakes or a combination of 50 tarts and 45 cupcakes. If she now bakes 35 tarts and 75 cupcakes, what is the opportunity cost of baking an additional unit of tarts (when she bakes 50 tarts instead of 35 tarts)?Answer2 cupcakes5 cupcakes30 cupcakes45 cupcakes[pic 18]Multiple Choice: An example of a factor of productio… 7.[pic 19] Multiple Choice: An example of a factor of productio… [pic 20]Points:0.5QuestionAn example of a factor of production isAnswera car produced by an auto manufacturerthe automobiles exported by an auto manufacturerAn advertisement about an auto manufacturera worker hired by an auto manufacturer[pic 21]Multiple Choice: Which of the following will not shif… 8.[pic 22] Multiple Choice: Which of the following will not shif… [pic 23]Points:0.5QuestionWhich of the following will not shift the demand curve for a good?Answera decrease in the price of a substitute goodan increase in populationan increase in consumer incomesan increase in the price of the good[pic 24]Multiple Choice: Which of the following would cause a… 9.[pic 25] Multiple Choice: Which of the following would cause a… [pic 26]Points:0.5QuestionWhich of the following would cause an increase in the equilibrium price and decrease in the equilibrium quantity of watermelon?AnswerA rightward shift in the demand curve.A leftward shift in the demand curve.A leftward shift in the supply curve.A rightward shift in the supply curve.[pic 27]Multiple Choice: Technological change causes ……. 10.[pic 28] Multiple Choice: Technological change causes ……. [pic 29]Points:0.5QuestionTechnological change causes …….AnswerA rightward shift in the demand curveA rightward shift in the supply curveA leftward shift in the demand curveA leftward shift in the supply curve