Quiz: Business Economics

Test your knowledge with 10 random questions from this subject.


Question 1:

In an 'Oligopoly' market structure, the market is characterized by:

Question 2:

'Privatization' is the process of:

Question 3:

A movement along the demand curve for a good is caused by:

Question 4:

Which of the following best describes 'Economies of Scale'?

Question 5:

Which of the following is an example of an internal economy of scale?

Question 6:

The 'World Trade Organization' (WTO) plays a key role in:

Question 7:

A good is considered a luxury if its income elasticity of demand is:

Question 8:

In the context of market structures, 'Perfect Competition' is characterized by:

Question 9:

'Economic Liberalization' typically results in:

Question 10:

'Business Cycles' refer to: