A. a recession
B. equilibrium
C. equivalence
D. abeyance
Related Mcqs:
- According to supply side economists as tax rates are reduced labour supply should increase. This implies that ?
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 - Demand and supply are________________?
A. market forces
B. key economic indicators
C. thesis and antithesis
D. causes of inflation - When the supply and demand curves intersect the final lasting price is achieved This is called_____________?
A. clearance price
B. equilibrium price
C. pressure price
D. a buyer’s market - A demand-side theory that focuses on the role of money to finance aggregate demand is termed__________?
A. monetarism
B. Reaganism
C. the gold standard
D. cash and carry - Norms are essentially ?
A. what is right
B. what is most feared
C. rules for behavior
D. systems of rewards and punishment - Specialized socialization occurs most frequently in________________?
A. the family
B. the peer groups
C. church
D. occupational groups or organizations - Firms sell their products in________________?
A. factor markets
B. resource markets
C. product markets
D. abstract markets - Overpopulation can result in________________?
A. higher literacy
B. environmental damage
C. price stability
D. increased public services - Power is exercised in________________?
A. complex industrial societies
B. simple farming societies
C. hunting and gathering societies
D. all social systems - The majority of the human population lives in________________?
A. New York
B. Africa
C. Pacific Islands
D. Eurasia
