A. Perfect competition
B. An economy below full employment
C. No savings or technical change
D. No entrepreneurial function is required
Related Mcqs:
- Joseph Schumpeter is the exceptional economist who links the entrepreneur to ?
A. oligopolistic capitalism
B. resource management
C. innovation
D. land and labor - According to Schumpeter ?
A. Monopolies are inefficient
B. Monopoly profits ac as an incentive for innovation
C. Monopolies are alocatively efficient
D. Monopolies are productively efficient - An increase in the price of a good along a stationary supply curve______________?
A. increase producer surplus
B. does all the things describe in these answers
C. decrease producer surplus
D. improves market equity - An increase in the price of a good along a stationary demand curve ?
A. improves the material welfare of the buyers.
B. decrease consumer surplus
C. improves market efficiency.
D. increase consumer surplus. - A stationary population is when population growth is ?
A. increasing at an increasing rate
B. decreasing
C. zero
D. 100% - In which of the following cases is the assumption most reasonable ?
A. To address the impact to taxes on income distribution an economist assumes that everyone earns the same income.
B. To address the impact of money growth on inflation, an economist assumes that money is strictly coins.
C. To model the benefits of trade. an economist assumes that there are two people and two goods
D. To estimate the speed at which a beach ball falls, a physicist assumes that if falls in a vacuum. - The regarding the new classical macroeconomics is hoe realistic is the assumption ?
A. that monetary policy affects aggregates demand
B. that markets do not clear quickly
C. that fiscal policy affects aggregate demand
D. of rational expectations. - The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?
A. a vertical (or almost vertical)
B. a downward sloping
C. a horizontal (or almost horizontal)
D. an upward sloping - Suppose the State Bank purchases a Rs 1,000 government bond from you. If you deposit the entire Rs 1,000 in you bank what is the total potential change in the money supply as a result of the State Bank’s action if the your bank’s reserve ratio is 20 percent ?
A. Rs 4,000
B. Rs 5,000
C. Rs 1,000
D. Rs 0 - Which of the following statement is NOT true about state owned enterprises (SOEs) ?
A. SOEs perform better with competition
B. Successful performing SOEs in Japan, Singapore and Sweden have greater managerial autonomy and accountability than other SOEs
C. SOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana
D. Financial autonomy is a major factor contributing to SOEs managerial effectiveness
