#1
Which of the following is an example of a positive externality?
#2
What does GDP stand for in economics?
#3
What is the concept that describes the maximum amount of a good that consumers are willing and able to purchase at a given price?
#4
Which of the following is NOT a characteristic of a perfectly competitive market?
#5
What is the economic term for the highest-valued alternative that must be given up to engage in an activity?
#6
Which economic concept refers to the additional cost of producing one more unit of a good or service?
#7
What is the Tragedy of the Commons?
#8
What does the term 'externality' refer to in economics?
#9
Which of the following is a measure of income inequality?
#10
What is the term for a market structure characterized by a few large firms dominating the market?
#11
Which economic theory argues that market economies tend towards full employment and economic stability without government intervention?
#12
What is the concept that describes the total value of goods and services produced within a country's borders in a specific time period?
#13
What does the term 'elasticity' measure in economics?
#14
In economics, what is the term for a situation where one person's consumption of a good does not reduce its availability to others?
#15