A. Demand more price inelastic
B. Supply more price inelastic
C. Demand more income elastic
D. Supply more income elastic
Related Mcqs:
- If Mark Mars pays Hershey Foods Corporation for the right to use their name on his line of T-shirts then Mr. Mars is using which type of branding ?
A. Licensed brands
B. Manufacturer’s brand
C. Private brand
D. Co-brand - Increased foreign competition tend to ?
A. Intensify inflationary pressure at home
B. Induce falling output per worker-hour for domestic workers
C. Place constraints on the wages of domestic workers
D. Increase profits of domestic import competing industries - Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
A. Progressive and thus bear down on the wealthy
B. regressive and thus bear down on the poor
C. proportional and thus bear down on all consumers in the same manner
D. deflationary and thus result in reductions in the price of imports - Throughout the world, governments tend to auction quota licenses to their highest bidder ?
A. always
B. often
C. seldom
D. never - If the Pakistan takes part in a war in the Middle East, then the exchange value of its currency will tend to ?
A. depreciate
B. not be affected
C. fluctuate more than if it were at peace
D. appreciate - When capital mobility is perfect interest rate differentials will tend to be offset by ?
A. Price difference
B. balance of payments difference
C. current account differences
D. expected exchange rate changes - Sector shifts tend to raise which type of unemployment ?
A. Structural Unemployment
B. Unemployment due to efficiency wages
C. Unemployment due to unions
D. Frictional Unemployment - Competitive markets tend to ?
A. Increase labor market discrimination because some workers can charge more for their services than other workers in a competitive market
B. have no impact on labour market discrimination
C. reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
D. increase labour market discrimination because bigoted employers can charge any price they want in a competitive market to cover the cost of their discrimination - Small nations with more than one major trading partner tend to peg the value of their currencies to ?
A. gold
B. silver
C. a single currency
D. a basket of currencies - Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?
A. increase total revenue to farmers as a whole because the demand for food is elastic
B. increase total revenue to farmers as whole because the demand for food is inelastic
C. reduce total revenue to farmers as a whole because the demand for food is elastic
D. reduce total revenue to farmers as a whole because the demand for food is inelastic
