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🎲 اختبار 'Chapter 3 , 4 , 5 Microeconomics ✨'
لا تنسوني من دعواتكم ✨ https://t.me/MicroeconomicsUJ
🖊 40 سؤالًا · ⏱ 30 ث

وذا الكويز بعد ماتخلصون كل حاجه اختبروه اكثر من مره

ثانياً ذي النقاط كمان ممكن تركزوا عليها وقت المذاكرة :

1 Every household must make three basic decisions …..”شوفوا النقاط حقتها من الشابتر "

2 Both prices and income affect the size of a household's opportunity set.

3 Economists measure market responsiveness using the concept of elasticity.

4 Sign of cross-price elasticity shows relationship between the goods

5 Complements have negative cross-price elasticity

6 Substitutes have positive cross-price elasticity

7 Because it is generally understood that demand elasticities are negative (demand curves have a negative slope), they are often reported and discussed without the negative sign.

8 At the core of the system, supply, demand, and prices in input and output markets determine the allocation of resources and the ultimate combinations of goods and services produced.

9 Regardless of the rationale, two things are clear .. “ شوفوا النقاط حقته من الشابتر “

10 Policies designed to stop price rationing are justified in a number of ways, most often in the name of fairness.

11 Higher wages attract labor and encourage workers to acquire skills.

12 The adjustment of price is the rationing mechanism in free markets.

13 In the longer run, demand is likely to become more elastic because households make adjustments over time, and producers develop substitute goods.

14 Competitive markets are efficient because when supply and demand interact freely, markets produce what people want at the least cost.

15 There are a number of sources of market failure: " شوفوا النقاط حقتها من الشابتر "

بعض التعاريف للاقتصاد راجعوها
كل شي يتذاكر ، بس هذي راجعوها اكثر من مره

هذي التعاريف :
- utility
- law of diminishing marginal utility
- elastic demand
- inelastic demand
- real income
- perfectly inelastic demand
- perfectly elastic demand
- cross-price elasticity of demand
- unitary elasticity
- price ceiling
- queuing
- favored customers
- ration coupons
- black market
- producer surplus
- consumer surplus
- price floor
- price rationing
- price elasticity of demand
- price elasticity of supply
- ration coupons.
- budget constraint.