MCQGeeks
0 : 0 : 1
CBSE
JEE
NTSE
NEET
English
UK Quiz
Quiz
Driving Test
Practice
Games
Quiz
Commerce
Economics
Quiz 15
1
2
3
4
5
6
7
8
9
10
11
Q.1
Not being able to meet all wants at the same time
demand
supply
scarcity
Q.2
Actions that people do for others
goods
services
supply
Q.3
A farmer would fall under which economic activity?
Primary
Secondary
Tertiary
Q.4
New technology that increases the speed of production would have what impact on the prices of goods?
Prices would lower
Prices would increase
Prices would stay the same
Business would close
Q.5
What term refers to a good that comes into a country?
Trade
Migration
Export
Import
Q.6
A good made in the United States and sent to other countries
export
consumer
savings
taxes
Q.7
Goods made to use in the production of other goods
capital resouces
demand
taxes
export
Q.8
What do you call someone who makes or provides a good or service for purchase?
Producer
Consumer
Demand
Supply
Q.9
What is a good which is produced domestically but sold in a foreign country?
Import
Export
Gross Domestic Product
Human Development Index
Q.10
What is the calculation of the value in USD of all the goods and services
Import
Export
Gross Domestic Product
Human Development Index
Q.11
An increase in competition would have what effect on price?
Price goes up
Price stays the same
Price goes down
It explodes
0 h : 0 m : 1 s
1
2
3
4
5
6
7
8
9
10
11
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)
Support mcqgeeks.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page