Some people want to seek a career in economics but do know much, especially when it comes to the basics of this study. This is an online interactive quiz in Economics meant to test your knowledge in Economics as well as give you extra knowledge in the subject. Take it up and see if you can pass it with ease See moreor might need some more practice before the exam comes.
15 points.
80 points.
90 points.
10 points.
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Purchase price of a good or service.
Value of leisure time plus out-of-pocket costs.
Best option given up as a result of choosing an alternative.
Undesirable sacrifice required to purchase a good.
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The distance to the curve from the vertical axis.
The distance to the curve from the horizontal axis.
The movement along the horizontal axis.
All of the above.
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Near the middle of the curve.
At the top corner of the curve.
At the bottom corner of the curve.
Outside the curve.
Inside the curve.
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Decreasing the production of another good.
Increasing the production of another good.
Holding constant the production of another good.
Producing at a point on the corner of the curve.
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Movement along the curve.
Inward shift of the curve.
Outward shift of the curve.
Movement toward the curve from an exterior point.
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Reducing the number of immigrants allowed into the country.
Adding to its capital stock.
Printing more money.
Imposing tariffs and quotas on imported goods.
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$12.50 per pound.
$20 per pound.
$80 per pound.
$100 per pound.
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Efficient point.
Unfeasible point.
Inefficient point.
Maximum output combination.
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Movement along the curve.
Inward shift of the curve.
Outward shift of the curve.
Movement toward the curve from an exterior point.
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