Search
.Management Sciences
Category: Economics Mcqs
Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true ?
A. it is efficient for the government to tax the resident €2,000 each and repair the road
B. It is efficient for each neighbour to pay €3,000 to repair the section of street in front of his/her home
C. None of these answers are true
D. it is not efficient to have the street repaired
in general a flatter demand curve is more likely to be ?
A. price elastic
B. none of these answers
C. unit price elastic
D. price inelastic
The total quantity of goods and services produced (or supplied) in an economy in a given period is ?
A. aggregate investment
B. aggregate expenditure
C. aggregate demand
D. aggregate output
As prices rise. People will want to keep more money as cash and in bank accounts This is called ?
A. real balance effect.
B. cash ratio.
C. money illusion.
D. menu costs of inflation.
A fall in interest rates is likely to ?
A. Increase aggregate demand
B. Increase savings
C. Decrease consumption
D. Decrease exports
A main advantage of specialization results from ?
A. Economies of large-scale production
B. The specializing country behaving as a monopoly
C. Smaller production runs resulting in lower unit costs
D. High wages paid to foreign workers
The theory of international exchange that holds that exchange rates adjust to offset differences in countries inflation rates in the ?
A. price feedback theory
B. trade feedback theory
C. J-curve theory
D. purchasing power parity theory
In pure monopoly, what is the relation between the price and the marginal revenue ?
A. the price is greater than the marginal revenue
B. the price is less than the marginal revenue
C. there is no relation
D. they are equal
Name the company in which the liability of the shareholders is limited to the amount of their shares ?
A. Limited company
B. Incorporation
C. Cooperative
D. Corporation
Agriculture in industrial nations is now based on_________________?
A. many small farmers
B. greater productivity of farms because of mechanization
C. increase in rural population
D. artificial food production
Recent Comments