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Economics
If supply increases, prices ..?
China has 58 million people living in paid slavery.
Economics
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Economics basics
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Answers
1
China has 58 million people living in paid slavery.
True
False
2
If supply increases, prices ..?
Fall
That ship has sailed
Stays the same
Increase
3
Economics is a simplification of demand and supply in the real world.
True
False
4
What is the debt of the United States?
$200 billion
$34 trillion
$34 billion
There is no debt.
5
Economics is known as the dismal science.
Yes, it is dreadful.
No, it is called the beautiful science.
No, it is not a science.
I thought this class was sociology.
6
Which country has the highest national debt as a percentage of GDP?
China
Japan
UK
United States
7
If the price of coffee increases, the demand for coffee machines falls.
True
False
8
A perfect market ...
Is free to enter and free to leave
All the above
Does not exist
Is where all the firms charge the same price
