Economics quick practice

Question 1 of 10

A change in income shifts the demand curve for a normal good

Question 2 of 10

The Malthusian theory states that population grows

Question 3 of 10

Economics is best described as the study of

Question 4 of 10

Which factor would shift the demand curve for rice to the right?

Question 5 of 10

When the price of a good rises, the quantity demanded usually

Question 6 of 10

A point inside the production possibility curve indicates

Question 7 of 10

An inferior good is one whose demand

Question 8 of 10

When the central bank raises the policy rate, borrowing usually

Question 9 of 10

If 4 workers produce 40 units and 5 workers produce 45 units, the marginal product of the 5th worker is

Question 10 of 10

Total utility from 1, 2 and 3 oranges is 10, 18 and 24 units. What is the marginal utility of the third orange?