Multiple Choice
In the market for Apple iPhones, which of the following would most likely cause the demand curve to shift to the right?
74
views
0. Basic Principles of Economics
Introduction to Economics
Back0. Basic Principles of Economics
Introduction to Economics
- Multiple ChoiceWhich of the following best defines the long run in economics?42views
- Multiple ChoiceWhich of the following is an advantage of offshore outsourcing in economics?35views
- Multiple ChoiceWhich of the following best describes economic utility?30views
- Multiple ChoiceWhich two important functions does a market system perform?43views
- Multiple ChoiceWhich of the following is the most likely source of shocks that can cause business cycles?29views
- Multiple ChoiceIn economics, which of the following best describes the concept of scarcity?40views
- Multiple ChoiceWhich one of the following should NOT be included in the economic analysis of introducing a new product?41views
- Multiple ChoiceWhich of the following is a characteristic that an item must possess to be classified as a 'good' in economics?40views
- Multiple ChoiceWhich of the following best describes 'price skimming' in the context of introductory economics?51views
- Multiple ChoiceSuppose a technological advancement occurs in the production of a good. What is the most likely effect on the market for that good?34views
- Multiple ChoiceWhich group played the largest role in financing the railroads during the early development of the United States economy?43views
- Multiple ChoiceWhich term is used to describe the customer segment that typically purchases products during the introductory stage of the industry life cycle?42views
- Multiple ChoiceWhich of the following items is most likely to be an implicit cost of production?33views
- Multiple ChoiceBecoming informed about economics helps a person understand the:38views