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14 Aug 2014 Basic Economics MCQs with Answers. 1. The fundamental economic problem faced by all societies is: a. unemployment b. inequality c. poverty d. scarcity 2. “Capitalism" refers to: a. the use of markets b. government ownership of capital goods c. private ownership of capital goods d. private ownership of
13 Apr 2008 Economics 100 Quiz 1, Fall 2000 1. The fundamental economic problem faced by all societies is: a. unemployment b. inequality c. poverty d. scarcity 2. "Capitalism" refers to: a. the use of.
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15 Q.20 Q.4 Q.6 Q.(Lecturer Economics Exam 2011) Q.17 Q.9 Q.16 Q.13 Q.24 C B A B B C .8 Q.3 Q. a firm ______ A) should increase output B) should reduce output C) will require further information on how to respond D) shoud not change output ANSWERS:Q.5 Q.24: 6 (Economics General MCQs) D) Supernormal Profit If

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February 2018