Microeconomics Practice Test

10 Questions  I  By Muhammadakram on August 26, 2008
This quiz is designed to check your Economics Knowledge.Answer and detailed explanation is given at the end.

  

Question Excerpt

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1.  What Microeconomics is about?
A.
B.
C.
D.
2.  Law of Demand states that
A.
B.
C.
D.
3.  The Slope of Indifference Curve indicates
A.
B.
C.
D.
4.  Production Functions Shows
A.
B.
C.
D.
5.  Shape of Total Fixed Cost(TFC) Curve is
A.
B.
C.
D.
6.  While in Perfect Competition
A.
B.
C.
D.
7.  Model of Monopolistic Competition (i.e Imperfect competition) is characterized by
A.
B.
C.
D.
8.  Monopoly is a form of market where there is
A.
B.
C.
D.
9.  In Duopoly, there is/are
A.
B.
C.
D.
10.  Price discrimination is a situation when a producer
A.
B.
C.
D.
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Quiz Comments (1)
Way too simple
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