Basic economics test with answers 60 questions

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Task 1

Question 1. The economy - it is a social science that is closely connected with ...

1. Philosophy

2. philology

3. Psychology

4. History

5. sociology

Question 2. The opportunity cost of building a new school is ...

1. Money for salaries of teachers of the new school

2. money to equip new schools with modern computers

3. other goods and services on which will have to be abandoned in favor of building a new school

4. The costs of building a new school

5. The amount of annual tax

Question 3. What is meant by claiming that any economic system is faced with the fact that resources are limited?

1. The limited resources of poor countries are experiencing only

2. production resources are never sufficient to meet all the needs chelovechesie

3. The rich countries have overcome the problem of limited resources

4. Any economic system peculiar shortages of consumer goods

5. There are products that can be bought only at a high price

Question 4. If the country involved all the human and material resources, the greater the amount of any product ...

1 may be made only at reducing production of any other product

2 can not be produced

3. can be made only private entrepreneur

4. can be made only by the State

5. can be made only with the total price reduction

Question 5. The problem is that, how and for whom to produce has to ...

1. a natural science problems

2. Only a society with a centrally planned

3. to any society

4. Environmental Management

5. Only to a market economy


Task 2

Question 1. What is the part of economics that studies the economy at the national and the world?

1. economic statistics

2. Logistics

3. Macroeconomics

4. Economic Geography

5. Microeconomics

Question 2. What is the view of the property in relation to which the owner is highlighted as an individual, an individual, the individual is?

1. Joint

2. Private

3. Collective

4. State

5. The whole people

Question 3. An economic system in which both the market structure and elements of government - is ...

1. Market Economy

2. The capitalist system

3. The traditional system

4. decentralized economy

5. The mixed economy

Question 4: What is the economic system based on free enterprise, competition and private property?

1. Command

2. Market

3. Centralized

4. Administrative

5. Traditional

Question 5. On the question of how to produce, market economy provides an answer ...

1 with the highest price

2. with the highest costs

3. In accordance with the state plan

4. at the least cost

5. In accordance with the labor laws


Activity 3

Question 1. Free competition - is synonymous with ...

1. perfect competition

2. Monopolistic Competition

3. oligopoly

4. monopoly

5. imperfect competition

Question 2. The majority of currently existing markets - it´s ...

1. markets of free competition

2. oligopoly and monopolistic competition markets

3. Monopoly

4. monopsony

5. monopoly and monopsony

Question 3. Oligopoly as a market structure is characterized by ...

1. equal access to all kinds of information

2. The presence of many manufacturers

3. The concentration of production in the hands of one manufacturer

4. operation of several large firms

5. freedom of market entry

Question 4: What type of economic relations is more efficient for the development of the national economy?

1. Free competition

2. Monopoly

3. The combination of monopoly and competition

4. The state regulation of prices

5. State Regulation of Production

Question 5: In what appears the state monopoly in the Russian economy?

1. in the creation of small enterprises

2. In the opening of free access

Additional information

Task 4

Question 1: What determines the demand for a product?

1. The amount of product on the market at any price

2. The amount of product that buyers are willing and able to buy at the proposed price

3. The amount of product that buyers want to buy whether they can do it or not

4. The amount of product that buyers can buy

5. The amount of the product, which the manufacturer has to be done

Question 2: learning how consumers respond to changes in the prices of commodities, economists have formulated ...

1. The law of diminishing returns

2. The law of supply

3. The law of mutual substitution

4. The law of demand

5. The law of large numbers

Question 3. What is the coefficient of elasticity of demand, if the price reduction of 5% sales growth of 10%?

1. 0.2

2. 1

3. 2

4. 5

5. 10

Question 4. In which of these cases, the demand for the commodity is completely inelastic?

1. if a slight increase in sales price increases substantially

2. 1% change in price causes a 1% change in the volume of sales of goods

3. with a very significant reduction in sales price varies slightly

4. There is only one price at which consumers buy goods

5. consumers buy a fixed quantity, regardless of its price

5. If Question 1% price reduction causes an increase in sales of goods more than 1%, this corresponds to ...

1. The elasticity of demand

2. The unit elasticity of demand

3. inelastic demand

4. infinitely elastic demand

5. perfectly inelastic demand


Task 5

Question 1. Fixed costs - it costs ...

1. The purchase of raw materials

2. Energy

3. Materials

4. Transportation

5. protection of the territory

Question 2. Variable costs - it´s ...

1. wage costs to employees

2. rents

3. The mandatory insurance contributions

4. The costs of enterprise management

5. The costs of the use of buildings

Question 3: The quotient of the value of the cost by the number of units - it´s ...

1. The total costs

2. The average costs

3. fixed costs

4. The marginal cost

5. accounting costs

Question 4. Specify the basic means of improving the profitability of the operation of the company.

1. The increase in wages to employees

2. The increase in the number of employees

3. improving the quality of the goods

4. The increase in production volume

5. Systematic cost reduction

Question 5: What is the pricing factor in the method of calculating the price based on costs?

1. perception of buying goods

2. The separate payment consumer spending on transportation

3. The cost of the goods and adopted mark-cost

4. inclusion in the price of transport costs

5. Seasonal discounts


Task 6

Question 1: Gross domestic product - a measure of ...

1. The price level of goods and services sold

2. The amount of all goods produced in a country within a year

3. The aggregate market value of all final goods and services produced in one year

4. The total expenditure of the government and municipal authorities

5. The quantity of goods and services produced by private business during the year

Question 2. The real value of banknotes currently defines:

1. The price of gold

2. The cost of the paper on which it is printed

3. The cost of labor for the manufacture of banknotes

4. The value of the goods and services that it can buy

5. exchange rate

Question 3. Cash on hand - it´s ...

1. checking deposits

2. Securities

3. The paper money

4. beschekovye savings deposits

5. term deposits

Question 4: What is futures?


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