Musical Economics and Finance
Description: This quiz assesses your knowledge of the intersection between music and economics and finance. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: music economics finance |
Which economic theory suggests that the value of a good or service is determined by the amount of labor required to produce it?
What is the term for the economic value that is created when two or more goods or services are combined?
Which economic concept refers to the idea that consumers are willing to pay more for a good or service if they believe it is of higher quality?
What is the term for the economic concept that states that the demand for a good or service increases as the price of a complementary good or service decreases?
Which economic theory suggests that the value of a good or service is determined by the subjective preferences of consumers?
What is the term for the economic concept that states that the demand for a good or service decreases as the price of a substitute good or service decreases?
Which economic theory suggests that the value of a good or service is determined by the cost of production?
What is the term for the economic concept that states that the demand for a good or service increases as the income of consumers increases?
Which economic theory suggests that the value of a good or service is determined by the forces of supply and demand?
What is the term for the economic concept that states that the demand for a good or service decreases as the price of the good or service increases?
Which economic theory suggests that the value of a good or service is determined by the scarcity of the good or service?
What is the term for the economic concept that states that the demand for a good or service increases as the price of a substitute good or service increases?
Which economic theory suggests that the value of a good or service is determined by the amount of money in circulation?
What is the term for the economic concept that states that the demand for a good or service decreases as the income of consumers decreases?
Which economic theory suggests that the value of a good or service is determined by the expectations of consumers and investors?