Economic ss2 1 / 10 The market price of commodity is normally determine by the Number of people in the market Law of demand The price of demand and supply 2 / 10 Given the supply function Qs=2pH, the quantity supplied Q at the price of #4 is______ units 9 7 8 3 / 10 Public expenditure an education and health is known as expenditure of General service Social services Commercial services 4 / 10 Which of the following is a luxurious item Feetbook Petrol Gold 5 / 10 At the equilibrium price, quantity demanded is Greater than quantity supplied Equal to quantity supplied Less than quantity supplied 6 / 10 If price fall below the equilibrium Demand equal supply Supply greater than demand Demand will be greater than supply 7 / 10 The major reason for change in quantity supplied is? Toxation Price Government policy 8 / 10 Which of the following is not classified as asserted government expenditures Importation of luxury consumer road Construction of road Serving of external debt 9 / 10 _____ is used to adjust government revenue and expenditure so as to produce a desirable effect on the economy Fiscal policy Mondry Business 10 / 10 A tax system in which all the players are taxed the same percentage of their incomes is refered to as Regressive Progressive Proportional Your score isThe average score is 0% 0%
Economic ss2
1 / 10
The market price of commodity is normally determine by the
2 / 10
Given the supply function Qs=2pH, the quantity supplied Q at the price of #4 is______ units
3 / 10
Public expenditure an education and health is known as expenditure of
4 / 10
Which of the following is a luxurious item
5 / 10
At the equilibrium price, quantity demanded is
6 / 10
If price fall below the equilibrium
7 / 10
The major reason for change in quantity supplied is?
8 / 10
Which of the following is not classified as asserted government expenditures
9 / 10
_____ is used to adjust government revenue and expenditure so as to produce a desirable effect on the economy
10 / 10
A tax system in which all the players are taxed the same percentage of their incomes is refered to as
Your score is
The average score is 0%