1. According to economists, economic self-interest:
A. is a reality that underlies economic behavior.
B. has the same meaning as selfishness.
C. means that people never make wrong decisions.
D. is usually self-defeating.
1. Economists would describe the U.S. automobile industry as:
A. purely competitive.
B. an oligopoly.
C. monopolistically competitive.
D. a pure monopoly.
2. Which of the following is not a basic characteristic of
Economics Inquiry for HKDSE Microeconomics 2
Chapter 9 Changes in Market Price
Multiple Choice Questions
Which of the following will NOT cause a change in the demand for a good?
(1) an increase in its market price
(2) an increase in consumer