A. 1.50
B. 1.15
C. none of these
D. 0.15
E. 1.00
Economics Mcqs
Economics Mcqs for test Preparation from Basic to Advance. here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. Economics Mcqs for Lecturer & Subject Specialist Exams.
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A. all of these answers
B. price inelastic
C. unit price elastic
D. price elastic
A. zero
B. infinite
C. one
D. unable to be determined form this information
A. substitutes
B. complements
C. necessities
D. luxuries
A. The good is luxury
B. There are a great number of substitutes for the good
C. The good is a necessity
D. The good is an inferior good
A. price elastic
B. unit price elastic
C. none of these answers
D. price inelastic
A. income inelastic
B. price inelastic
C. price elastic
D. unit price elastic
A. decrease aggregate demand
B. reduce tax rates or lower interest rates
C. decrease government spending
D. decrease private consumption and investment
A. Migration to the cities is a larger contributor than natural population growth to urban labor growth is sub Saharan Africa
B. In Latin America natural population increase is the major source of urban growth
C. From 1975 to 2000 the number of cities in LDC with populations over 1 million increased from 20 to 50
D. The urban share of total LDC population grew from 27 percent in 1975 and 35 percent in 1992 to 40 percent in 2003
A. marginal rate of substitution
B. labor force literacy
C. substitution of leisure and work among labor
D. limited technical sustainability of factors
