ECN 101 - FINAL EXAM MULTIPLE CHOICE | 2025/2026 UPDATE | QUESTIONS AND ANSWERS | 100% CORRECT!!

ECN 101 - FINAL EXAM MULTIPLE CHOICE | 2025/2026
UPDATE | QUESTIONS AND ANSWERS | 100%
CORRECT!!




Which of the following was not mentioned as one of the basic economic
questions?
A. Why
B. What
C. How
D. For Whom Answer - A. Why


The market demand curve is _____.
A. Downward Sloping
B. Upward Sloping
C. Horizontal
D. None of the above Answer - A. Downward Sloping


Which of the following was not mentioned as a business type?
A. Corporations
B. Legalships
C. Proprietorships
D. All of the above were mentioned Answer - B. Legalships

, Which of the following was mentioned as one of the factors of production in
economics?
A. Land
B. Capital
C. Labor
D. All of the above were mentioned Answer - D. All of the above were
mentioned


Which of the following was not mentioned as a component of the equation for
GDP?
A. Consumption
B. Investment
C. Savings
D. All of the above were mentioned Answer - C. Savings


Which of the following was mentioned as one of the determinants of supply?
A. Tastes
B. Factor Costs
C. Number of Buyers
D. Income Answer - B. Factor Costs


Which of the following would cause a shift in the demand curve?
A. Change in number of sellers
B. Change in price
C. Change in tastes
D. All of the above Answer - C. Change in tastes