Deneme Sınavı Soruları

Which of the following is not one of the basic assumptions of a hypothetical perfect competition market?

An entrepreneur is a person who does all of the following except

“They illustrate the relationship between consumer demand and household income and for normal goods slope upwards – the flatter the slope the more luxurious the good, and the greater the income elasticity. In contrast, they have a negative slope for inferior goods”.

Which term is described above?

Suppose that consumer A decreases her X consumption after she experienced an increase in her income. What type of a good is X?

Which of the following shows the change in automobile supply as a result of the improvement of production technology?

The consumer chooses between the consumption of the two goods so that the marginal rate of substitution equals the _________ price.

Which of the followins best fits the blank above?

What happens to the income and substitution effects when the price of lamb chops falls?

Which of the following factors affect demand price elasticity?

I. Whether the good has a close substitute

II. Whether the goods are compulsory or luxurious

III. The Importance of Being Unimportant

IV. Time Horizon

What does "branch of economics that examines the decision making behavior of the smallest decision-making units such as the individuals, or households and the business firms" stand for?

What is the main assumption of the Consumer Behavior Theory of Economics?

I. More goods are preferable to fewer goods— thus, bundles on indifference curves lying nearest to the northeast of a diagram are always preferred.

II. Goods are substitutable—therefore, indifference curves slope downward to the right.

III. Indifference curves cannot cross each other, if they did, the rational ordering among preferences would be violated.

IV. Indifference curves are everywhere dense. We can not draw an indifference curve through any point on the diagram.

V. The valuation of a good increases as it is consumed more intensively—therefore, indifference curves are always convex.

About the indifference curves, some of the above given statements are wrong. Which of the following choice shows the only correct (true) statement/s about the indifference curves?

What is the study of how individuals and societies choose to use scarce resources at their disposal?

What is what you give up to get that item or to achieve that outcome?

When the real interest rate starts to decline, individuals become less willing to save due to_______ effect.

Which of the followings best fills in the blank?

What is the name of situation/relation that improves social welfare in both countries?

• When making decisions, individuals should recognize the …………. of each action that they can take.

Which of the following can fill the above blanks most appropriately?

It is “the combinations of quantities of X and Y that a consumer can purchase with certain amount of income or earning”.

Which term is described above?

Which of the followings is not among the basic assumptions that economics have about the nature of the consumer’s tastes or preferences?

Firms are organizations that:

If MUA/PA < MUB/PB, which of the following is the most appropriate behavior for the consumer to reach equilibrium?