100+ Economics Quiz Questions and Answers Pdf - 2

Question: 6

_____ curve is the lateral summation of the individual supply curves of all the producers in the market.

(A) Cost

(B) Demand

(C) Production

(D) Supply

Question: 7

According to _____, Risk-taking is an important function of an entrepreneur.

(A) Keynes

(B) Clark

(C) Knight

(D) Hawley

Question: 8

In economics, wants are classified into _____ categories.

(A) 2

(B) 3

(C) 4

(D) 5

Question: 9

There are _____ important methods for calculating price elasticity of demand

(A) 2

(B) 3

(C) 4

(D) 5

Question: 10

The pricing of factors of production is called

(A) Distribution

(B) Exchange

(C) Production

(D) Consumption