According to economists, economic self-interest:

Related Mcqs:

1. When economists say that people act rationally in their self interest, they mean that individuals _______?

   A. look for and pursue opportunities to increase their utility
   B. generally disregard the interests of others
   C. are mainly creatures of habit
   D. are unpredictable

   Submitted by: Mansoor Ul Haque

2. A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work, save and invest. These economists are?

   A. Supply-side economics
   B. neo-Keynesian economists
   C. rational-expectations economists.
   D. new classical economists.

3. A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?

   A. supply side economists
   B. neo-Keynesian economists
   C. rational -expectations economists
   D. New classical economists

4. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

   A. None of these answers
   B. Disagree because they have different scientific judgments
   C. really don’t disagree at all. It just appears that they disagree
   D. disagree because they have different values

5. Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

   A. really don’t disagree at all It just appears that they disagree.
   B. disagree because they have different values.
   C. none of these answers.
   D. disagree because they have different scientific judgments.

6. According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:

   A. people are greedy
   B. productive resources are limited
   C. human beings are inherently insecure
   D. people are irrational

   Submitted by: Mansoor Ul Haque

7. During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?

   A. neoclassicism
   B. Marxism
   C. Rostow’s model
   D. classical appraoch

8. New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning used was that this would ?

   A. reduce poverty
   B. reduce unemployment
   C. weaken the power of trade unions
   D. help small businesses

9. Structural economists from the United Nations Economic Commission for Latin America (ECLA) emphasized ?

   A. contractionary monetary and fiscal policies
   B. currency devaluation
   C. long-run institutional and structural economic change
   D. short term-adjustment with a human face

10. New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?

    A. reduce poverty
    B. reduce unemployment
    C. weaken the power of trade unions
    D. help small businesses