The three measure of welfare indicators above comprise the ?

Related Mcqs:

1. The Physical Quality of Life Index (PQLI) combines three indicators They are ?

   A. infant mortality life expectancy and adult literacy rate
   B. crime rate clean environment and quality of housing
   C. air pollution rate, Water pollution rate and sanitation
   D. health education and environment

2. Suppose that Russia steel firms engage in dumping in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumping?

   A. increase
   B. decrease
   C. not change
   D. None of These

3. The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?

   A. R&D generating welfare improved technology
   B. development of more productive machinery
   C. new work rules promoting workers efficiency
   D. lower wages extracted from workers

4. Real GNP is a crude measure of national welfare because it excludes ?

   A. consumption
   B. investment
   C. exports
   D. work in the home

5. GDP per head may be an imperfect measure of economic welfare because it excludes ?

   A. the value of leisure
   B. Externalities
   C. Untraded goods
   D. Change in the distribution of income
   E. All of the above

6. When producers, wholesalers, and retailers act as a unified system they comprise a ?

   A. conventional marketing system
   B. power-based marketing system
   C. horizontal marketing system
   D. vertical marketing system

7. International trade tends to cause welfare losses to at least some groups in a country ?

   A. The less mobile the country’s resources
   B. The more mobile the country’s resources
   C. The lower the country’s initial living standard
   The higher the country’s initial living standard

8. A tariff ______ increase a country overall welfare?

   A. will always
   B. will never
   C. can sometimes
   D. None of the above

9. The welfare effects of a quota depend to a considerable extent upon ?

   A. who has the quota license
   B. the size of the quota
   C. elasticities of domestic demand and supply
   D. All of the above

10. A welfare loss occurs in monopoly where ?

    A. The price is greater than the marginal cost
    B. The price is greater than the marginal benefit
    C. The price is greater than the average revenue
    D. The price is greater than the marginal revenue