A. The richest 10 per cent of the population has had a bigger percentage increase in incomes over the past 10 years than the poorest 10 percent
B. Inflation is rising
C. The proportion of people’s income paid in taxes is higher under this government than under the previous one.
D. Inequality in the distribution of income is a more serious problem than unemployment
Related Mcqs:
- Which of the following is a normative statement in economics ?
A. More spending by the government reduces poverty
B. Higher taxes lead to less desire to work
C. The Pakistan’s economy is growing fast relative to other SAARC members
D. The government should concentrate on reducing unemployment - Which of the following statements is normative ?
A. Large government deficits cause an economy to grow more slowly
B. People work harder if the wage is higher
C. The unemployment rate should be lower
D. Printing too much money causes inflation - Normative economics Forms ________ based on ________?
A. positive statements, facts
B. opinions personal facts
C. positive statements values
D. opinions facts - Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?
A. traditional
B. feudal
C. command
D. mercantile - Which of the following statement is not true about LDCs ?
A. Most LDCs have less than 1/10 the per capita GNP of the U.S
B. A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S
C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible
D. Most LDCs have a greater shortage of qualified teachers than the U.S does - Which of the following statement about rural and agricultural development is true ?
A. Rural development is the same as agricultural development
B. The agrarian community requires a full range of services such as schools merchants banks and so on
C. Household nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya
D. China’s rural population receives little income from nonfarm income - Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP) ?
A. If TP is declining, then AP is negative
B. If AP = MP, then total product is at a maximum.
C. If AP exceeds MP then AP is falling
D. If AP is at a maximum, then MP is also, - Which of the following statement is true about low-income countries ?
A. less than 10% of the labor force is in agriculture
B. the average agriculture family produces surplus large enough only to supply small non-agriculture population
C. One-third of the labor force produce food
D. share of labor force is about 30% - Which of the following statement regarding the loanable funds market is true ?
A. A decrease in the government budget deficit increase the real interest rate
B. An increase in the government budget deficit shifts the supply of loanable funds to the right
C. An increase in private saving shifts the supply of loanable funds to the left
D. An increase in the government budget deficit shifts the supply of loanable funds to the left - Which of the following statement is NOT true about OECD aid ?
A. During the 1980s OECD countries contributed four fifths of the world’s bilateral official development assistance to LDCs
B. In the early 1990s the OECD contributed 98 percent of all aid
C. The OECD aid increased from $6.9 billion in 1970 to $8.9 billion in 2001
D. In 2001, only Denmark Norway, Sweden, the Netherlands, and Luxembourg exceeded the aid target for LDCs
