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Quiz Quiz (Econ's Week) Flashcards | StudBud
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Quiz Quiz (Econ's Week)
Quiz Quiz (Econ's Week)
30 terms
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30 cards
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Questions
30
Answers
1
It is the minimum pricing policy of the government.
Price Ceiling
Law of Supply
Price Floor
Equillibrium
2
Who said that “An increase in income leads to the increase in human expenditures.”
Ernst Engel
Paul Samuelson
Peter Kavinsky
Adam Smith
3
It is a highly liquid investment readily convertible to known amounts of cash.
Cash Equivalents
Marketable Securities
Inventories
Stocks
4
The following are factors of production, EXCEPT?
Land
Labor
Price
Entrepreneur
5
Angle greater than 180 degrees but less than 360 degrees are called?
Acute Angle
Right Angle
Reflex Angle
Obtuse Angle
6
How far away is the sun from earth?
10.3 billion miles
about 93 million miles
26.5 million miles
about 40 billion miles
7
It is concerned with the nature of the conversion process, i.e., how inputs are converted into output.
Economics
Labor
Fixed Inputs
Production
8
What is the complementary color of blue?
Yellow
Green
Orange
Purple
9
The following are the types of Economic Systems, except?
Normative
Mixed
Traditional
Open
10
Which is the main gas that makes up the Earth's atmosphere?
Nitrogen
Oxygen
Helium
Carbon Dioxide
11
What in the animal kingdom is a doe?
Female Deer
Male Elephant
Baby Horse
Female Camel
12
An equation, sched, or graph of various quantities of goods & services that consumers are willing & able to consume/buy.
Demand
Supply
Law of Demand
Law of Supply
13
It is the locus of all combinations of two goods which yield the same level of satisfaction to the consumers.
Indifference Curve
Price Consumption Curve
Income Consumption Line
Engel Curve
14
How many seconds are there in 12 hours?
43, 200 seconds
52, 000 seconds
48, 300 seconds
36, 800 seconds
15
It is formed when light hits water droplets in the air and is
refracted,
or bent.
Deflexion
Distortion
Rainbow
Realism
16
What name is given for the number of protons found in the nucleus of an atom?
Atomic Number
Neutrons
Quarks
Chromatin
17
It is the ability of cash over the longer term to meet maturing obligations.
Materiality
Profitability
Solvency
Liquidity
18
Who discovered Fibonacci sequence?
Euclid
Archimedes
Leonhard Euler
Leonardo da Pisa
19
At what temperature are Celsius and Fahrenheit equal?
43
-40
-10
0
20
What year was the very first model of the iPhone released?
2007
2002
2005
2008
21
It is the maximum pricing policy of the government.
Price Ceiling
Shortage
Price Floor
Surplus
22
How many hearts does an octopus have?
8
5
3
6
23
It is the state of balance between demand and supply.
Law of Transitivity
Equilibrium
Surplus
Price Floor
24
In Mathematics, “⊥” is named as?
Intersection of Two Sets
Exists
Perpendicular to
Intersects
25
Which planet is the hottest in the solar system?
Jupiter
Saturn
Mars
Venus
26
How many teeth does an adult human have?
32
24
20
18
27
What Phobia is the fear of Numbers?
Claustrophobia
Arachnophobia
Katagelophobia
Arithmophobia
28
Are imaginary units used to measure satisfaction obtained from consumption of a certain quantity of a commodity.
Variables
Prices
Satiety
Utils
29
It represents combination of two goods, x & y, at different income levels.
Budget Restraint Line
Engel Curve
Price Consumption Curve
Law of Diminishing Returns
30
Any price set above Price Equilibrium will create a ______.
Surplus
Chaos
Shortage
Equilibrium