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5 Written questions

5 Matching questions

  1. microeconomics
  2. Consumerism
  3. stock
  4. income
  5. diminishing marginal benefit
  1. a the theory that an increasing consumption of goods is economically beneficial (sellng more than buying)
  2. b the financial gain (earned or unearned) accruing over a given period of time
  3. c something you can invest in to gain money
  4. d the branch of economics that studies the economy of consumers or households or individual firms
  5. e Demand slopes downward, which reduces the amount people are willing to pay for it

5 Multiple choice questions

  1. the entire amount of income before any deductions are made
  2. something that is not needed but longed for
  3. an exchange that occurs as a compromise
  4. income (after taxes) that is available to you for saving or spending
  5. ..., an accounting entry acknowledging income or capital items

5 True/False questions

  1. marginal costa cost that rises or falls depending on how much is produced and how high.low hte demand is


  2. mutual fundfixed costs plus variable costs


  3. fixed costfixed costs plus variable costs


  4. Marginal benefitthe increase or decrease in costs as a result of one more or one less unit of output


  5. economic modela smaller scale of a economic system, used to see if the new economy will work


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