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Economics Mcqs — Test 76

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Question 1
If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?
Question 2
The opportunity cost of a student is____________?
Question 3
The extra utility from consuming one more unit of a good is called ?
Question 4
The price elasticity of demand measures ?
Question 5
A measurement showing how quantity demanded varies with income is the ?
Question 6
Which of the following would increase aggregate demand ?
Question 7
Improved training of employees would ?
Question 8
Increased level consumption ?
Question 9
The price elasticity of demand is a negative number this means ?
Question 10
if demand is price inelastic ?