Rationing Systems
Rationing Systems Quiz
Test your knowledge on the fundamental concepts of rationing systems in economics. This quiz covers various topics related to microeconomics, macroeconomics, and different types of economic statements.
Whether you're a student studying economics or just someone interested in how economies fun
- Key economic models
- Different economic agents
- Types of economic statements
- National income and growth
This is the
Circular flow of economic responsibilities model
Circular flow of income model
Circular flow of factors of production model
Circular flow of the households model
Microeconomics
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Normative statement
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Macroeconomics
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Ceteris paribus
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Positive statement
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Households
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Services
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Firms
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Normative statement
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Goods
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Positive statement
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Deals with smaller, discrete, economic agents and their reactions to changing events
Households are
Types of factors of production
Consumers of goods and services
Individuals who plan economy
None of the above
State owned sector of the economy that provides goods and services is known as
Private sector
Individual sector
Production sector
Public sector
Who decides what is produced, how and who it is to be produced for in a planned economy
Government and Prices
Only Government
Demand and Supply
Individuals
National income is
The amount of all the goods and services produced in an economy in a given time period, normally in one year
The value of all the goods and services produced in an economy in a given time period, normally in one year
How much all the goods and services produced in an economy in a given time period, normally in one year costs
How many of all the goods and services produced in an economy in a given time period is not being used
The national income after inflation is ignored is known as
Economic growth
National income
Real national income
Non real national income
Increases are measured in
Real national income per capita
Real national income per individual
Real national income per country
Real national income per household
The difference between potential growth and actual growth is
In potential growth there is a movement from a point inside the production possibility curve to a point that is nearer to the curve while in actual growth there is an improvement in the quantity and/or quality of the factors of production and an outward shift of the production possibility curve
In potential growth there is an improvement in the quantity and/or qulaity of the factors of production and an outward shift of the production possibility curve while in actual growth there is a movement from a point inside the production possibility curve to a point that is nearer to the curve
They are the same thing
None of the above
Economic development
A measure of well-being
A measure of economic development not just in monetary terms, but also in terms of other indicators, such as education indicators, health indicators and social indicators
A measure of welfare
All of the above
The Human Development Index (HDI) measures
Adult literacy rate
Average years of schooling
Life expectancy
All of the above
Developing countries are countries that tend to have
High levels of productivity
Low rates of population growth and dependency burdens
High and rising levels of unemployment and underemployment
All of the above
The World Commision on Environment and Development ws formed by the United Nations in
1987
1983
1990
1981
The term sustainable development is defined as
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs
Development that meets the needs of the present while compromising the ability of future generations to meet their own needs
Development that meets the needs of the present without compromising the ability of the present generation to meet their own needs
None of the above
The term sustainble development points to the idea that
That countries should use up resources quickly and should harm the environment, since this will not stop growth taking place in the future
Countries should not use resources and should not harm the environment, since this will stop growth taking place in the future
That countries should not use up resources too quickly and should not harm the environment, since this will stop growth taking place in the future
None of the above
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