Olimpiade Ekonomi (English Version, For ECONOMIC EXERCISE )

ECONOMIC EXERCISE - 1

1. The crossing point between the total supply line and the total cost line is called ............
2. Supply elasticty is the ratio of the changed quantity of supply to .........
3. If we spend move of our income on gven goods, demand for the goods will be more .........
4. If subtitutional goods are provided , then demand will be .................
5. If the coefficient of suplly - elasticity is zero (=0), suplly itself is ..................
6. What is the coefficient of elasticity for demand for luxuries ?
7. If the prce change is zero (=0) and the supply change is unlimited (= ) , then the demnad will be ..........
8. Demand is said to be untary elastic when .............
9. If the price (P) increase by 1% and the refore the quantity (Q) decreaser by more than 1%, then the demand curve will be ...................
10. If a 1% increase in quantity of products causes a smaller increase by so and so much in the cost per unit then supply will be ............
11. Demand which is sebtitve to prive canges is called .............
12. Maximum profit will be gained by the producers who sell their products in the for market if the marginal cost equals.....................
13. An agent middleman who takes the oath (stater under the outh) to do the buying or selleng of goods/ services on behalf of other is called ..............
14. An intermediary merchant who buys and sells goods by himself on the basis of order and for is called .............
15. Commision is received by a broker in a from of ...............
16. The government protects gives protection to cunsumer by determinmg the price of ..............
17. Iron wages theory is brought forward ..................
18. Time preferent theory is proposed by ..............
19. An (official) place where capital sellers and capital buyers meet under on offical institution is called ..............
20. Market which provider a short run source of ..............


ECONOMIC EXERCISE - 2 Advance

1. The Law of Diminishing Return is brought forward by ..............
2. Production cost, adrances of technology, and new producer are all factors which affect .......
3. Consumer’s income , need intensity and tranditional are all factors which influence ............
4. Land rent and price of land are determined by the degree of the land fertility. This idea this proposed by ...............
5. Goods which are obtained in limited quantity throgh sacrifice are called .................
6. Nature and labour are considered as ........factor of production.
7. A kind of market where price are determined by the sellers is called .............
8. Additional production cost as the resault of the increasing number of production units is called..........
9. The goverment policy which regulatet of circulation of money is called.................
10. Cotton plantation , sanf mining, and chicken breeding are categorized as ....................production
11. The price which has been agreed up on by both the sellers and buyers ias called.........
12. A market where prices remain fixed due to the excessive number of sellers and buyers that both parties cannot influence the price is called....................
13. The smalller the income , the bigger portion of the income to be spent on consumer goods. This is an idea proposed by ..........
14. The higer the income , the bigger portion of the income to spent on consumer goods. This is an idea proposed by ..........
15. Rice is a prime need. The demand elaticity is ..............
16. In the economi law, another thing are considered as .............
17. Which are the hereditay product factor ? ..............................and .......................
18. Price which is an agreement between the buyer and seller is called ......................
19. The demand which include the capability to bay is called..............
20. We recognize the mediator/ agent trader in stock market . What do you call this pearsen ? ................