MSc Economics
- Created by: PMD218
- Created on: 20-12-19 20:31
Other questions in this quiz
2. Which of the following are Variable Costs incorporated within?
- Aggregate demand
- Circular flow of income
- Marginal costs
- Fixed costs
3. Define "demand"
- The quantity of a product that people are able and willing to purchase at a given price and a given time
- The quantity of a product which is required by a supplier at any given time
- The quantity of a product that people are willing but unable to purchase at a given price and a given time
- The quantity of a product which is required by a customer at any given time
4. Which of the following is not a type of economy?
- The Command Economy
- The Mixed Economy
- The Open Economy
- The Market Economy
5. Short property cycles last for...
- 7-10 years
- 3-4 years
- 4-7 years
- 1-2 years
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