Economics 2
- Created by: owenatkinson1
- Created on: 19-05-19 15:06
Other questions in this quiz
2. An increase in central bank interest rates is intended to:
- decrease saving and investment
- decrease saving and increase investment
- none of the above
- increase saving and decrease investment
- increase saving and investment
3. To find the market supply curve:
- find total firms' fixed costs
- find total firms' variable costs
- find marginal prices of all firms at varying outputs
- find total output of all firms at varying prices
- find total firms' costs
4. Which of the following is true of pure monopoly?
- there are barriers to the entry of new firms
- there are no barriers to the entry of new firms
- only normal profits are possible
- there are many buyers and sellers
- none of the above
5. A firm will produce those goods which:
- enable it to make the greatest return on capital
- increase turnover
- people need
- sell most
- can be produced quickly
Comments
No comments have yet been made