Concordia University ( ) • ECON 201 - Introduction to Microeconomics
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ECON 201 ECON201 1
Latest content Concordia University ( ) • ECON 201 - Introduction to Microeconomics
ECON 201 Introduction to Microeconomics Midterm – Concordia University | Complete Questions & Answers | Updated 2026–2027 
In mixed economies, economic behaviour is... 
 
A. Directed only by self-interest. 
B. Largely determined by a central authority. 
C. Random and unpredictable. 
D. Based primarily on custom and habit. 
E. Affected by elements of tradition, government command and market incentives. 
 
In general (and in the absence of market failures), economic efficiency occurs... 
 
A. ...
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Concordia University•ECON 201