Private goods are ?

Related Mcqs:

1. _______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

   A. incomes policy
   B. Moral hazard
   C. Wagner’s law
   D. Fiscal policy

2. Public goods are difficult for a private market to provide due to ?

   A. the rivalness problem
   B. the public goods problem
   C. the Tragedy of the Commons.
   D. The free-rider problem.

3. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

4. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

5. The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

   A. normal trade relation status
   B. most favored nation status
   C. offshore assembly provisions
   D. Generalized System of Preferences

6. Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ?

   A. substitutes inferior
   B. normal, complements
   C. substitutes complements
   D. normal, inferior

7. Inferior goods have _________ and luxury goods have _________?

   A. negative income elasticity income elasticity greater than 1
   B. income elasticity greater than 1, negative income elasticities
   C. Positive income elasticities, negative income elasticities
   D. None of the above

8. If the cross-price elasticity of demand between two goods is negative, then the two goods are ?

   A. normal goods
   B. unrelated goods
   C. Substitutes.
   D. Complements

9. In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

   A. Orderly marketing
   B. trigger pricing
   C. domestic content pricing
   D. dumping

10. If the cross-price elasticity between two goods is negative the two goods are likely to be ?

    A. substitutes
    B. complements
    C. necessities
    D. luxuries