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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does a demand curve show?
💡 Hint: Consider the direction it slopes.
Question 2
Easy
What is equilibrium in an economic context?
💡 Hint: Think about balance in a market.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does the supply curve indicate?
- Relationship between price and quantity demanded
- Relationship between price and quantity supplied
- Relationship between price and cost
💡 Hint: Consider which direction the curve slopes.
Question 2
True or False: A rightward shift in the demand curve indicates a decrease in demand.
- True
- False
💡 Hint: Think about what causes demand to rise.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You are tasked with evaluating the impact of a newly imposed tariff on imported goods in your country. Consider both the short-term and long-term implications for consumers and local industry.
💡 Hint: Think carefully about the balance between protectionism and consumer choice.
Question 2
Analyze the current inflation scenario of a country and propose two policy measures to stabilize the economy. Assess the possible effectiveness and risks of your proposed measures.
💡 Hint: Consider historical precedents when similar policies were enacted.
Challenge and get performance evaluation