Part 1: Multiple CHOICE Questions& Matching Questions

1-The point where the Marginal cost = average total cost = Marginal revenue = Price is

a.Point of minimum profit

b.Shut down point

c.Breakeven point

d.Maximum profit point

2-If a producer achieve profit in the perfect competition, this will be

a.Temporary

b.Permanente

c.None of the above

3-The total cost can be calculated by

a.Adding the variable cost and the fixed cost

b.By multiply average cost to the quantity

c.A and B

d.None of the above

4-the product which consider to be necessary for you, will treats as

a.Inelastic product

b.Elastic product

c.Unit elastic

d.None of the above

5-The fiscal policy and monetary policy always affect on

a. The aggregate demand

b. The aggregate supply.

c.Both A and B.

d.The international trade.

6-The circular-flow diagram

a.Need government supervision

b.Need the consumers supervision

c.Need the businesses supervision

d.All of the above are correct.

7-The food and beverage sector in Egypt can be classified as

a)Oligopoly market

b)Monopoly

c)Monopolistic competition

d)Perfect competition

8-A demand curve shows the .........relationship between price and.........

a.Direct, Income.

b.Inverse, Quantity demand.

c.Direct, Consumption.

d.Direct, the amount that consumer would like to consume

9-One of the major macroeconomic objectives is

a.Increase the amount of money in the economy

b.Improve the Education Service

c.Increase the government expenditure

d.Increase the Gross Domestic Product

10-The inflation rate could be calculated by

a.Obtain the real GDP.

b.Obtain the unemployment rate.

c.Obtain the Consumer price index.

d.All of the above are correct.