Home / My courses / UGRD-ECON6151-2133T / Week 6: Microeconomics Production and Capital Theory / Midterm Quiz 1

Started on Sunday, 31 July 2022, 11:45 AM

State Finished
Completed on Sunday, 31 July 2022, 11:49 AM
Time taken 3 mins 30 secs
Marks 10.00/10.00
Grade 100.00 out of 100.00

Question 1 This is making current products available for the workers to consume in the meantime.
Correct

Mark 1.00 out of Select one:

1.00 
a. Saving

b. Investment

c. Adam delved and Eve

d. Unit of labor

Question 2 This is un-invested finance which is a sum of money while the net receipts of a business are sums of money.
Correct

Mark 1.00 out of Select one:

1.00
a. Neo-classical

b. Capital 

c. Interest

d. Physical stock

Question 3
This is a quantity which can be translated from one number to another by changing the unit.
Correct

Mark 1.00 out of Select one:

1.00
a. Blast furnaces

b. Equilibrium 

c. Stock of wealth

d. Cost of capital

Question 4 This is positive because profits are positive though at the same time the cost and difficulty of obtaining finance play a part in keeping
Correct productive equipment scarce, and so contribute to maintaining the level of profits.
Mark 1.00 out of
1.00 Select one:
a. Neo-classical

b. Capital

c. Physical stock

d. Interest 

Question 5 They are the one who buys a machine readymade pays a price for it which includes profit to the capitalist who sells it.
Correct

Mark 1.00 out of Select one:

1.00
a. Capitalist 

b. Productiveness of capital

c. Costs of production

d. Interest
Question 6
It determines supply price consist of wages and profits.
Correct

Mark 1.00 out of Select one:

1.00
a. Interest

b. Costs of production 

c. Capitalist

d. Productiveness of capital

Question 7
This is when capital equipment is given only part of the theory of value which treats of the short period.
Correct

Mark 1.00 out of Select one:

1.00
a. Capital

b. Physical stock 

c. Interest

d. Neo-classical

Question 8 This kind of cost must be constructed before they can be used wherein part of the cost of capital is interest over the period of time
Correct between the moment when work was done in constructing capital goods and the time when they are producing a stream of output.
Mark 1.00 out of
1.00 Select one:
a. Cost of capital 

b. Stock of wealth

c. Blast furnaces

d. Equilibrium

Question 9 They span that there were evidently a spade and a spindle already in existence.
Correct

Mark 1.00 out of Select one:

1.00
a. Adam delved and Eve 

b. Saving

c. Investment

d. Unit of labor

Question 10
This is characterize when a unit of labor that was expended at a certain time in the past is more valuable today than a unit expended
Correct today, because its fruits are already ripe.
Mark 1.00 out of
1.00 Select one:
a. Productiveness of capital 

b. Costs of production

c. Interest

d. Capitalist

◄ Lesson 4: Microeconomics Production and Lesson 5: Case Study on the Theories of

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