ECO401 Current Quiz

Question # 1 of 20 ( Start time: 04:51:52 PM ) Total Marks: 1
Which of the following events shifts the short-run aggregate supply curve to the right?
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Question # 2 of 20 ( Start time: 04:53:20 PM ) Total Marks: 1
At any given point on an indifference curve, the the slope is equal to:
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Question # 3 of 20 ( Start time: 04:54:18 PM ) Total Marks: 1
An indifference curve is:
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Question # 4 of 20 ( Start time: 04:55:32 PM ) Total Marks: 1
In the long run, profits will equal zero in a competitive market because of:
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Question # 5 of 20 ( Start time: 04:56:59 PM ) Total Marks: 1
The most important factor in determining the long-run profit potential in monopolistic competition is:
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Question # 6 of 20 ( Start time: 04:58:28 PM ) Total Marks: 1
The market structure in which there is interdependence among firms is:
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Question # 7 of 20 ( Start time: 04:59:15 PM ) Total Marks: 1
The labour force is made up of:
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Question # 8 of 20 ( Start time: 05:00:24 PM ) Total Marks: 1
In a production process, all inputs are increased by 10%; but output increases more than 10%. This means that the firm experiences:
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Question # 9 of 20 ( Start time: 05:01:57 PM ) Total Marks: 1
If Competitive markets do not achieve equitable outcomes, then it is called:
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Question # 10 of 20 ( Start time: 05:03:24 PM ) Total Marks: 1
If the cost of computer components falls, then
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Question # 11 of 20 ( Start time: 05:04:46 PM ) Total Marks: 1
The principle that states that a change in investment causes a magnified change in income is termed as the:
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Question # 12 of 20 ( Start time: 05:06:17 PM ) Total Marks: 1
The concept of a risk premium applies to a person that is:
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Question # 13 of 20 ( Start time: 05:07:48 PM ) Total Marks: 1
The percentage change in quantity demanded given a percentage change in consumer's income is known as:
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Question # 14 of 20 ( Start time: 05:09:13 PM ) Total Marks: 1
The total utility curve for a risk neutral person will be:
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Question # 15 of 20 ( Start time: 05:09:56 PM ) Total Marks: 1
The slope of the saving function (or line) is the:
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Question # 16 of 20 ( Start time: 05:10:45 PM ) Total Marks: 1
The effect of a change in income on the quantity of the good consumed is called the:
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Question # 17 of 20 ( Start time: 05:11:25 PM ) Total Marks: 1
An important difference between the approaches of the classical and Keynesian economists use to achieve a macroeconomic equilibrium is that:
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Question # 18 of 20 ( Start time: 05:12:24 PM ) Total Marks: 1
Multiplier principle states that a change in investment causes a magnified change in:
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Question # 19 of 20 ( Start time: 05:13:50 PM ) Total Marks: 1
In Keynesian economics, if aggregate expenditures are less than aggregate output then:
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Question # 20 of 20 ( Start time: 05:14:35 PM ) Total Marks: 1
A positive demand shock increases the labor demand and shifts the labor demand curve:
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