Skip to content
1. What best describes a competitive market?
- Firms cooperate in setting the price of a good
- The government control the allocation of inputs in production
- There are many buyers and sellers of the same good
- One firm controls production of all goods in an industry
1 of 20
Other questions in this quiz
2. Which of the following is NOT commodity money?
- Gold coin
- A £5 note in U.K. currency
- Cigarettes
- Silver coin
3. No matter whether the government runs a budget deficit, the BoE still has to manage the national debt
4. In construction, main Contractors are said to operate in a monopolistic competitive market
5. What are the two main strands of construction economics?
- The impact of construction on the larger economy, and project level economics
- The impact of construction employment on the economy, and the impact of exports on the economy
Comments
No comments have yet been made