Economics 2nd Semester Exam: Question Preview (ID: 31215)


Below is a preview of the questions contained within the game titled ECONOMICS 2ND SEMESTER EXAM: Review For The Final .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]


Play games to reveal the correct answers. Click here to play a game and get the answers.

A progressive Tax is
a) a tax percentage increase when an individual's income increases. b) a tax percentage that is the same regardless of one's income c) a tax the decreases as one's income increases d) a tax on one's property
All of the following can change the market suply curve EXCEPT
a) the cost of labor b) the expectation that prices are about to increase c) a change in the demand for the product d) the numbers of sellers offering the product
The supply of a product normally decrease if
a) the cost of inputs goes down b) more producers enter the market c) the price of the product increases d) taxes on the product increase
When empoloyees are getting in each other's way, the firm is operating
a) in Stage I of Production b) in Stage II of Production c) in Stage III of Production d) as much as it possibly can
Total cost is the sum of the
a) fixed costs and overhead b) all variable costs c) fixed and variable costs d) fixed and marginal costs
The level of profix maximing output is reached when marginal cost is
a) double marginal revenue b) one-half of marginal revenue c) less than marginal revenue d) equal to marginal revenue
When producers offer fewer products for sale at each and every price,
a) the supply curve has shifted to the right b) the supply curve has shifted to the left c) the price per unit decreases d) they expect subsidies
Rent payments and property taxes would be counted as
a) total costs b) variable costs c) fixed costs d) marginal costs
Many businesses are engaging in e-commerce because
a) subsidies are available to many e-commerce businesses b) fixed costs are minimal c) operating costs never increase d) variable costs can be almost eliminated
Which would cause the quantity of supplied curve to shift to the left?
a) technology improves production b) inputs become cheaper c) the number of firms increases d) taxes increases
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from the data set above, visit ReviewGameZone.com and enter game ID number: 31215 in the upper right hand corner at ReviewGameZone.com or simply click on the link above this text.

TEACHERS / EDUCATORS
Log In
| Sign Up / Register