LESSON 1. ECONOMICS AND THE ECONOMY
Authored by phuong Trinh
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University
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11 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does point Y mean?
wasting resources point
unattainable point
profitable point
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does point X mean?
wasting resources point
unattainable point
profitable point
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How many types of economy?
3
4
5
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The economy in which the government and private sector jointly solve economic problems is called ____________.
Command economy
Free market economy
Mixed economy
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The economy in which the government fully controls the market is called ____________.
Command economy
Free market economy
Mixed economy
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The economy in which the government cannot intervene market but the invisible hand controls is called ____________.
Command economy
Free market economy
Mixed economy
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A subject offers a detailed treatment of how individuals and firms make economic decisions is called ___________.
Positive
Normative
Microeconomics
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