| TEST di autovalutazione |
| TEST di autovalutazione |
| 1 | Utility: | ||
| A) | Expresses a relationship between a consumer and a commodity | ||
| B) | Refers to a consumer | ||
| C) | Refers to a commodity | ||
| D) | Means a want | ||
| 2 | Comparing utility and usefulness: | ||
| A) | They are not different | ||
| B) | They are different because utility concerns something that satisfies a want and usefulness implies something that is beneficial | ||
| C) | Utility means that something is beneficial and usefulness that something satisfies a want | ||
| D) | They are very similar | ||
| 3 | Talking about how the quantity that a person has of a good affects the utility deriving from additions to it: | ||
| A) | The more a consumer has of a commodity the more he wishes additions to it | ||
| B) | The larger the supply a man has of a thing the more he wants additions to it | ||
| C) | The utility of additional units of a commodity decreases when the consumer’s stock of that commodity decreases | ||
| D) | The quantity that a person has of a commodity affects its utility.The more a consumer has of a commodity the less he wishes additions to it | ||
| 4 | Explain the law of Diminishing Utility: | ||
| A) | The desire of a consumer for a commodity tends to diminish when the possess of that commodity increases | ||
| B) | The desire of a consumer for a commodity tends to increase when the possess of that commodity decreases. | ||
| C) | The more a consumer wishes a commodity the more he wishes additions to it | ||
| D) | The quantity that a person has of a commodity affects its utility | ||
| 5 | Talking about what in practical terms determines how much a consumer will buy of each commodity: | ||
| A) | It depends on the commodities people decide to buy | ||
| B) | It depends upon the marginal utility | ||
| C) | It depends on the money people have to spend to derive the maximum utility from their expenditure | ||
| D) | It depends upon the last unit of any commodity people wish to buy | ||
| 6 | Regarding when a consumer can determine that he has reached the point of the greatest possible utility deriving from his expenditure: | ||
| A) | It happens when he has derived maximum satisfaction from his expenditure and the marginal utility of his expenditure is the same on each of his purchases | ||
| B) | It happens when he hasn’t yet derived maximum satisfaction from his expenditure | ||
| C) | It happens when the marginal utility of his expenditure is not the same on each of his purchases | ||
| D) | It is not possible to determine it | ||
| 7 | Given the Law of Diminishing Utility, what determines that a consumer will continue purchasing a commodity: | ||
| A) | A consumer wil continue purchasing a commodity in accordance to his wants. | ||
| B) | The buyer will naturally go on buying what he wants | ||
| C) | It is not possible to determine it | ||
| D) | The prices of goods and services are not affected by the decisions of a single consumer. Prices are already fixed and he must accept those prices in arranging his expenditure | ||
| 8 | Consumer goods: | ||
| A) | They are goods capable of satisfying human wants directly and, therefore in contrast to producer goods, they desirable in themselves. They are classified into a durable and a non-durable variety | ||
| B) | They are goods not capable of satisfying human wants | ||
| C) | They are durable goods | ||
| D) | They are a non-durable variety of goods | ||
| 9 | About liabilities: | ||
| A) | They are items listed as assets | ||
| B) | They are companies’ debts | ||
| C) | Generally speaking liabilities represent a firm’s financial obligations | ||
| D) | They are a source of funds for companies | ||
| 10 | Regarding capital stock: | ||
| A) | Stock or capital stock is the legal capital of an American corporation divided into shares (of stock). The term may also be applied to the shares themselves, but not to an individual share. In colloquial or journalistic usage, the plural ‘stocks’ is used to describe both ordinary shares (equities) and gilt-edged securities (government stocks). This means that for all practical purposes, the term has become synonymous with ‘securities’ | ||
| B) | Stock is the non-legal capital of a corporation | ||
| C) | Stock or stocks are ordinary shares | ||
| D) | Stock or stocks are governmental | ||