Macroeconomics Study Guide

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1. What do you call the object/s that must be given up to obtain something else?
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Macroeconomics Study Guide - Quiz

Are you a macroeconomics student? Do you have an upcoming quiz to study for? Take this quiz to find out whether you have the basics down or not.

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2. Surplus shows 
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3. The demand curve shows the relationship between the_______ and _______
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4. How is an average cost calculated?
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5. The income effect says lower prices _______ the purchasing power of buyers' income money.
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6. The law of demand states that as price _______, quantity demanded _______ and vice versa. 
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7. Marginal cost is the change in ______ of an activity resulting from an increase from one unit 
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8. Which of the following is NOT a way to increase the PPC?
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What do you call the object/s that must be given up to obtain...
Surplus shows 
The demand curve shows the relationship between the_______ and _______
How is an average cost calculated?
The income effect says lower prices _______ the purchasing power of...
The law of demand states that as price _______, quantity demanded...
Marginal cost is the change in ______ of an activity resulting from an...
Which of the following is NOT a way to increase the PPC?
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