no need to explan

1. Which determinants of demand would be affected for the market of Chevrolet cars if the price of Honda cars were to fail?

a. Availability of resources

b. Population/number of consumers

c. Cost/Price of resources

d. Price of related goods

e. None of the choices

2. It is the fundamental economic concept that describes the total amount of a specific good or service that is available to consumers

a. Utility

b. Demand

c. Supply

d. Surplus

e. None of the choices

3. According to this production possibilities curve, if the country Alpha choose to produce ______ units of cars, how many units _____

a. 300

b. 450

c. 200

d. 500

e. None of the choices

4. The term that refers to a small change, starting from some baseline level:

a. Utility

b. None of the choices

c. Marginality

d. Marginal Utility

e. Cardinal Utility

f. Total Utility

5. The supply curve shows:

a. The quantity on market demand of a change in supply of a good or service.

b. The quantity of goods that would be offered for sale at different prices.

c. The quantity of a good that the consumers are willing to buy at different prices

d. A, B and C are correct

e. None of the Choices