Microeconomics Quiz
Check out the quiz on the material covered under the Microeconomics Online Course.
Microeconomics Quiz
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Question 1 of 15
1. Question
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Climate change and passive smoking are excellent examples of _____?
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Question 2 of 15
2. Question
2. Brad loves to drink Diet Coke. He consumes 10 cans every day. However, his desire to drink another can of Diet Coke decreases after each can. This decrease in utility with every can of Diet Coke consumed is known as __________?
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Question 3 of 15
3. Question
3. In which type of market is it optimal to say that optimum allocation of resources happens when marginal benefit = marginal cost ?
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Question 4 of 15
4. Question
4. Armed Force’s is an example of __?
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Question 5 of 15
5. Question
Q5). If the marginal benefit > marginal cost, the government must _____________ the public good project.
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Question 6 of 15
6. Question
6. In the WHO example of passive smoking, what type of externality if passive smoking?
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As a public policy analyst, what would you recommend the federal government to do?
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Question 7 of 15
7. Question
7. Public goods are __________ and ____________
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Question 8 of 15
8. Question
8. The producer surplus is the difference between the equilibrium price and the ____________________ .
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Question 9 of 15
9. Question
9. Which of the following is an example of third-party effects?
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Question 10 of 15
10. Question
10. Positive externalities can be described as _____________. Multiple choice question.
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Question 11 of 15
11. Question
11. Is the statement true? Government interventions are necessary to address these market failures.
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Question 12 of 15
12. Question
12. The relationship between factors of production and the output is called as ______________
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Question 13 of 15
13. Question
13. Which of the following are attributes of a Perfect Competition Demand Function of a Single Firm. (Multiple Choices)
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Question 14 of 15
14. Question
14. Nishant hires employees for a project. He observes that with each new employee recruited the productivity per employer reduces. This phenomenon is known as the ______________.
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Question 15 of 15
15. Question
15. Café Makhani hire’s part time employees. This is an example of _____________ cost.