2026-2027 ECON 476 Online Economics Final Exam- Multiple Choice (90
Question and exam) Athabasca University
Correct
Incorrect
Your answers
, D. Cutting taxes B. Increasing the money supply
D. Wages will go down D. Selling shares of stock
Don't know?
2 of 90
Term
What kind of goods are sold in the commodity market?
A. Normal
B. Monetary
C. Substitution
D. Unprocessed
Give this one a try later!
D. Unprocessed C. Resources
D. Prices D. Raise money
Don't know?
3 of 90
Term
,The satisfaction that consumers get from their purchases is known as
what?
A. Utility
B. Marginalism
C. Subjectivity
D. Materialism
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A. Education A. Outsourcing
A. Utility D. Outsource
Don't know?
4 of 90
Term
Match each of the terms below with an example that fits the term.
A. Fungibility The production of gasoline
B. Inelasticity The switch from coffee to tea
C. Non-excludability The provision of national defense
D. Substitution The demand for cigarettes
Give this one a try later!
, A. Sole proprietorship A. Unlimited liability
B. General partnership D. Public regulation
C. Public corporation C. Stockholder control
D. Government corporation B. Collective decision
making
A. Bid rigging A. A defense contractor
gets its competitors to
agree to enter low bids.
B. Production limitation C. Local coffee shops
agree to charge $3 for
a cup of coffee.
C. Price fixing B. A group of oil
companies agrees to
reduce the amount of
oil each member
produces.
A. Pure competition C. Fast food
B. Monopoly B. Cable television
C. Monopolistic competition A. Online auctioning
D. Oligopoly. D. Airlines
A. Fungibility A. The production of gasoline
B. Inelasticity D. The switch from coffee to
tea
C. Non-excludability C. The provision of national
defense
D. Substitution B. The demand for cigarettes
Don't know?
5 of 90
Term
Match each type of market structure with its corresponding
example.
Question and exam) Athabasca University
Correct
Incorrect
Your answers
, D. Cutting taxes B. Increasing the money supply
D. Wages will go down D. Selling shares of stock
Don't know?
2 of 90
Term
What kind of goods are sold in the commodity market?
A. Normal
B. Monetary
C. Substitution
D. Unprocessed
Give this one a try later!
D. Unprocessed C. Resources
D. Prices D. Raise money
Don't know?
3 of 90
Term
,The satisfaction that consumers get from their purchases is known as
what?
A. Utility
B. Marginalism
C. Subjectivity
D. Materialism
Give this one a try later!
A. Education A. Outsourcing
A. Utility D. Outsource
Don't know?
4 of 90
Term
Match each of the terms below with an example that fits the term.
A. Fungibility The production of gasoline
B. Inelasticity The switch from coffee to tea
C. Non-excludability The provision of national defense
D. Substitution The demand for cigarettes
Give this one a try later!
, A. Sole proprietorship A. Unlimited liability
B. General partnership D. Public regulation
C. Public corporation C. Stockholder control
D. Government corporation B. Collective decision
making
A. Bid rigging A. A defense contractor
gets its competitors to
agree to enter low bids.
B. Production limitation C. Local coffee shops
agree to charge $3 for
a cup of coffee.
C. Price fixing B. A group of oil
companies agrees to
reduce the amount of
oil each member
produces.
A. Pure competition C. Fast food
B. Monopoly B. Cable television
C. Monopolistic competition A. Online auctioning
D. Oligopoly. D. Airlines
A. Fungibility A. The production of gasoline
B. Inelasticity D. The switch from coffee to
tea
C. Non-excludability C. The provision of national
defense
D. Substitution B. The demand for cigarettes
Don't know?
5 of 90
Term
Match each type of market structure with its corresponding
example.
