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Each question must be answered in 2 or 3 sentences.
Q1 : Explain simply fundamental questions of economics.
Q2: Why is a zero-sum game bad?
Q3 : What is the method used to describe the average relationship between the two variables?
Q4: Simply explain the role of economic equity.
Q5 : What is the percentage change in quantity demanded divided by a percentage change in income?
Q6: What are your ideas about you should pay tax to the government?
Q7 : What is the combination of assets designed to secure income from investment and reduce risk?
Q8: What is the amount paid to the company’s shareholders in post-tax profits?
Q9 : Simply explain the difference between technical efficiency and economic efficiency.
Q10: Simply explain the relationship between productivity and cost.
Q11 : Simply explain the key attributes of a perfectly competitive market
Q12: Examples of the components of perfect competition
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