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.Management Sciences
Category: Economics Mcqs
A demand switching policy could be ?
A. Higher interest rates
B. Higher income tax
C. Tariffs
D. Reduced government spending
Female-headed families have_______________?
A. increased in number since 1970
B. generally a lower income than two-parent families
C. greater emotional stress in dealing with children
D. all of the above
Marginal revenue is the ________ when output is __________?
A. Change in average revenue, increased
B. Change in total revenue, increase by one unit
C. change in average revenue, increased by one unit
D. change in total revenue increased
The sacrifice involved when you choose a particular course of action is called the?
A. Alternative
B. Opportunity cost
C. Consumer cost
D. Producer cost
A positive externality (that has not been internalized) caused the ?
A. equilibrium quantity to exceed the optimal quantity
B. equilibrium quantity to equal the optimal quantity
C. optimal quantity to exceed the equilibrium quantity
D. equilibrium quantity to be either above or below the optimal quantity
Even in a democracy the state can________________?
A. size property
B. imprison persons
C. deprive people of their lives
D. all of the above
A(n) ________ is a name term sign symbol or design, or a combination of these that identifies that maker or seller of a product or service ?
A. Product feature
B. sponsorship
C. brand
D. logo
Which is most likely to cause a more even distribution of income ?
A. An increase in indirect taxes
B. An increase in managers salaries
C. An increase in progressive taxation
D. An increase in the rate of inflation
Spending on motoring as a % of household expenditure in the UK shows that motoring is ?
A. Environmentally damaging
B. an inferior good
C. a potential public good
D. a superior good
Which of the following would be considered a supply-side policy ?
A. An increase in the minimum wage that would cause consumer spending to increase
B. investment tax credits for businesses to encourage investment
C. Restrictions placed on the amount that can be imported.
D. An increase in government spending that would lead to increased aggregate demand
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