The Secrets to Writing a Good Multiple Choice Test
Before writing a multiple choice it is essential to study the right way to be completely prepared for the
questions to come. These upcoming strategies were obtained from the University of Torontos Biology
Price Ceiling: excess demand, Price set by authorities below the equilibrium price intended to help
consumers often consumers with low incomes.
Price Floor: excess supply, Prices set by authorities above equilibrium price allocated for p
Monopoly-Is a market structured by a single seller who offers a good with no close substitutes. Able to
remain the sole seller without rivals due to the existence of significant berries to entry. Utilities.
Perfect Competition: Many firm
The promotional plan being used for the St. Thomas More masquerade ball will be broken down
into three main advertising strategies. The first strategy that will be used is advertising through the
school announcements. With help from the S
Macroeconomics Multiple Choice Test
1. GDP is:
a) The number of people in Canada not working
b) The total market value of all final goods and services produced in a given time period within a countrys borders
c) The rate at which the general level of pric
Exam Questions to Review to Section #1
Scarcity: Occurs when limited resources cannot satisfy unlimited wants.
Characteristics of a Market Economy: The people run the Market system, not one person for example no
government is in charge. (pg. 15)
1. The article defines a Blockbuster as a high concept film. A high concept film, consist of more than
one single item. It has emphasis on style, marketing and merchandising.
2. Spielberg was the first film producer to impl
Microeconomics Multiple Choice Test
1. Which type of economic system is present in Canada?
a) Traditional Economy
b) Command Economy
c) Mixed Economy
d) All of the above
2. What did Adam Smith believe in?
a) Strong government evolvement in the economy
ST. THOMAS MORE BLACK AND
WHITE TIE MASQUERADE BALL
CREATED BY: CHRIS NARDI, MATTHEW PERCO, AND BB MADY
Table Of Contents
Event Overview/ Introduction
Target Market Identification