Miscellaneous Economics Mcqs

A. New classical economists
B. left-wing theorists
C. interventionist policies
D. monetarists

A. Technological change has made it possible for many industries to become more competitive
B. Because few real natural monopolies exist there is rarely a reason for government regulation
C. Many instances of government regulation have succeeded in reducing competition in industries where competition may be beneficial
D. All of the above

A. Publicly held stock to private individuals
B. corporately owned businesses to individuals
C. government businesses to the private sector
D. Privately owned business to the government sector

A. The charities economy
B. The demand side of the country
C. The underground economy
D. the supply side of the economy

A. There is no income effect when tax rates are changed
B. The income effect of a wage change is greater than the substitution effect of a wage change.
C. There is no substitution effect when tax rates are changed
D. The substitution effect of a wage change is greater than the income effect of a wage change

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 increased in government spending that would lead to increased aggregate demand

A. The upturn
B. The peeking out
C. The expansion
D. The recession

A. an inflationary gap
B. hysteresis
C. A deflationary gap
D. hyperinflation

A. Rs80 million
B. Rs20 million
C. Rs 15 million
D. Rs26.67 million

A. 4
B. 25
C. 6
D. 2.5