A. a means tested cash benefit
B. a universal (social insurance based) benefit
C. a benefit in kind
D. none of the above
Related Mcqs:
- If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?
A. an import subsidy
B. a quota
C. comparative advantage
D. an export subsidy - When you consume good Q, not only do you benefit form consuming the good but other people benefit from your consumption as well, if firms produce good Q where P = MC, firms will be producing ?
A. less than the efficient level of output
B. more than the efficient level of output
C. so that consumer surplus is zero
D. the efficient level of output - Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?
A. price distortions
B. consumer surplus
C. shadow prices
D. exchange rates - Which city in Germany has the distinction of housing the first car manufacturing plant in the world ?
A. Frankfurt
B. Bonn
C. Berlin
D. Stuttgart - The Benazir Benefit income Scheme is a good example of ?
A. a benefit in kind.
B. a means tested cash benefit
C. a universal (social insurance based) benefit
D. none of the above - A student chooses to study because the marginal benefit is greater than the ______________ cost?
A. average
B. expected
C. total
D. marginal - Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?
A. End benefit
B. Trickle down
C. Free market
D. Capitalism - Given free trade, small nations tend to benefit the most from trade since they ?
A. Are more productive than their large trading partners
B. Are less productive than their large trading partners
C. Have demand preferences and income levels lower than their large trading partners
D. Realize terms of trade lying near the MRTs of their large trading partners - Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
A. Eu consumers who buy electronics from Japan
B. EU farmers who export grain
C. employees of EU car manufacturers
D. Shareholders of German carmaker BMW - Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?
A. Keynesian policies
B. Supply-side policies
C. Monetarist Policies
D. Classical policies
