If some gain and some lose as the result of a proposed change and it can be demonstrated that the value of the gains would exceed the value of the losses then the change is said to be ?

Related Mcqs:

1. The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?

   A. R&D generating welfare improved technology
   B. development of more productive machinery
   C. new work rules promoting workers efficiency
   D. lower wages extracted from workers

2. Dynamic gains from trade could result from ?

   A. The stimulus of additional investment spending as market open
   B. Economies of large scale production as markets open
   C. Additional competition made possible by the opening of markets
   D. All of the above

3. If a result of households wish to save more there is a change in equilibrium income and no change in equilibrium saving this is an example of ?

   A. market imperfection
   B. the law of diminishing returns
   C. the paradox of thrift
   D. market failure

4. That the company that overlooks new and better ways to do things will eventually lose customers to another company that has found a better way to serving customer needs is a major tenet of ?

   A. innovative marketing
   B. consumer oriented marketing
   C. value marketing
   D. sense -f mission marketing

5. If PX > MCX, society gains by ?

   A. raising the price of X.
   B. production less X
   C. Producing more X
   D. Increasing the cost of producing X

6. Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ?

   A. Common fund
   B. Stock fund
   C. Growth fund
   D. Capital growth fund

7. The gains from international trade are closely related to ?

   A. The labor theory of value
   B. How much the autarky price differs from international terms of trade change
   C. The fact that a country must lose from trade
   D. All of the above

8. Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?

   A. Trades at Canada’s marginal rate of transformation
   B. Trade at Sweden’s marginal rate of transformation
   C. Specializes completely in the production of its export good
   D. Specializes partially in the production of its exports goods

9. Suppose Imtiaz moves his Rs1,000 demand deposit from Bank A to Bank B. If both banks operate with a reserve ratio of 10 percent What is the potential change in money supply as a result of Gerard’s action ?

   A. Rs 10,00
   B. Rs 1,000
   C. Rs 9,000
   D. Rs 0

10. Suppose the State Bank purchases a Rs 1,000 government bond from you. If you deposit the entire Rs 1,000 in you bank what is the total potential change in the money supply as a result of the State Bank’s action if the your bank’s reserve ratio is 20 percent ?

    A. Rs 4,000
    B. Rs 5,000
    C. Rs 1,000
    D. Rs 0