1) What happens when demand exceeds supply? a) Surplus b) Shortage c) Equilibrium d) Price decrease 2) Product type with single use, like coal. a) Perishable b) non perishable c) monopoly d) durable 3) Oligopoly demand curve shape a) downward b) Kinked c) Upward d) Convex 4) Monetary policy goal a) Unemployment b) Price Instability c) Price Stability d) Cash Outflow 5) Indifference curve shape a) Kinked b) Arcs c) Concave d) Convex 6) Marginal revenue equals __ a) Marginal Input b) Marginal output c) Marginal Price d) Marginal cost 7) A theoretical unit of measurement for utility a) Until b) Utils c) Unity d) Utility 8) Which concept includes income earned by citizens abroad? a) GDP b) GNP c) NDP d) NI

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