Name: Student No;
Practice Quiz 1
DO NOT TURN THE PAGE UNTIL YOU ARE
INSTRUCTED TO DO 50
1. This Quiz comprises of 8 pages. Check that there is no missing page.
2. There arevtwo sections: Section A is True/False q
Microeconomic theory (ECO2MIT)
Microeconomics- the study of how households and firms make decisions and how they interact in
markets through the use of the market mechanism. The market mechanism is the technical name
given to the way in which consumers an
Left / Liberal
Liberal / Right
Yes, but .
Aid is a
We have a moral
It is in our interest
If a country cannot
duty to help those
Microeconomic Theory (ECO2MIT)
You should allocate 2 hours to attempt these questions.
Section A. Comment on the following statements. State whether the statement is TRUE or
FALSE. In addition, you must provide an explanation