Microekonomics.e

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The problem of choice in economics arises because of …
The market is …
The market economy is based on … property
The scarcity of market mechanism is revealed by the fact that it does not provide for …
The main components of economic organization are …
The key factors of production are …
Money can/cannot be defined as an economic resource …
Microeconomics is the branch of economics that deals with …
… defined economic science as political economy
The economic theory defined by representatives of …is a science of rational allocation of scarce economic resources for satisfaction of unlimited human needs
The microeconomic analysis answers the question of, …
The economic resources are generally characterised by their …
Market activity is …
Economic problems of what, how and for whom to produce emerge in a… economy
It is not true that the following statements: «…» refer to macroeconomic analysis
Microeconomics studies …
The opportunity cost of tuition fee is …
When a student eats a sandwich in a cafeteria, … will yield the maximum level of utility.
The theory of consumer behavior assumes that a consumer seeks to maximize …
The fact that the fifth ice-cream provides for less satisfaction than the first is revealed by …
The market economy is founded on … property
The commodity market is a market of …
The indifference curve is a line of …
The consumer equilibrium on the indifference map is any point
The income effect for … is extremely small.
The main objective of a firm is …
The level of risk capital for a natural person is minimal if a company’s legal form is a …
The short-run in microeconomics is a period of time in which …
The production function is characterized by …
The law of diminishing marginal productivity is in place, when …
Explicit cost are …
Economic cost are…
The fixed cost are cost which are …
The total cost includes …
Total income is …
The firm’s profit maximization is achieved when … are equal.
The shoe price will probably increase in response to …
The price elasticity of demand measures the sensitivity of the quantity demanded to changes in …
If the demand for agricultural products is inelastic, then farm’s gross incomes will …
A perfectly inelastic demand curve is represented as a …
The equilibrium price is the price …
An oligopoly will probably occur in a … market
Oligopoly is characterized by …
It is not true, that such a product as… has ever been produced in the framework of a cartel agreement
The perfect and monopolistic competition are characterized by …
Monopoly is a market structure, where …
The … market is the closest to the perfectly competitive model.
There is/are no … in a perfectly competitive market
The economic rate is …
The level of a minimum wage set by government which exceeds its equilibrium rate in a competitive market will result in a …
A decrease in customs duties on imported agricultural goods will probably …
Interest is …
The fiscal policy in countries with market economies aims at …

Microekonomics​.e​