Which of the following is true ?

Related Mcqs:

1. Total increases from Rs500 to Rs600 when output increases from 20 to 30 units. Fixed costs are Rs200 Which of the following is true ?

   A. Marginal cost is Rs20
   B. Average cost falls
   C. Variable cost rises by Rs100
   D. Average fixed cost is Rs10

2. Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?

   A. Marginal cost is Rs20
   B. Average cost rises
   C. Variable cost rises by Rs200
   D. Average fixed cost was Rs10originally

3. The total costs are Rs2000 and 10 units are produced. The marginal cost of an 11th unit is Rs1300 Which of the following is true ?

   A. The average cost increase from Rs20 to Rs30
   B. The total costs for 11 units are Rs700
   C. The average cost for 10 units is Rs1300
   D. The average cost for 11 units is Rs1300

4. According to chapter 2 in the text which of the following is true ?

   A. The boundary between rich and poor countries has become clearer in 1990s
   B. The fastest growing countries must be the ones with the highest per capita GNP
   C. A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand
   D. Today all high and Upper-middle income countries are Western.

5. Which of the following statements about economic fluctuations is true ?

   A. None of these answers
   B. A depression is a mild recession
   C. A variety of spending income, and output measures can be used to measure economic fluctuation because most macroeconomic quantitties tend to fluctuate together
   D. A recession is when output rises above the natural rate of output

6. Which of the following statement about rural and agricultural development is true ?

   A. Rural development is the same as agricultural development
   B. The agrarian community requires a full range of services such as schools merchants banks and so on
   C. Household nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya
   D. China’s rural population receives little income from nonfarm income

7. Roberto and Thomas live in a university hall of residence Roberto values playing loud music at a value of €100. Thomas values Pease and quiet at a value of €150. Which of the following statements is true ?

   A. It is efficient for Roberto to stop playing loud music regardless of who has the property right to the level of sound
   B. it is efficient for Roberto to continue to play loud music
   C. It is efficient for Roberto to stop playing loud music only if Thomas has the property right to peace and quiet
   D. It is efficient for Roberto to stop playing loud music only if Roberto has the property right to play loud music

8. Which of the following is Not True about education in LDCs ?

   A. Public expenditure per student for higher education is about ten times as high as for primary education
   B. The expansion of primary education redistributes benefits from the rich to the poor
   C. Economists unanimously agree that LDCs should put greater priority on primary education
   D. Boys are sent to schools far more often than girls

9. Which of the following statements about trade policy is true ?

   A. A country’s trade policy has no impact on the size of its trade balance
   B. None of these answers
   C. A restrictive import quota decreases a country’s net exports
   D. A restrictive imports quota increases a country’s net exports

10. Which of the following is not true about how people make decisions ?

    A. people give too much weight to a small number of vivid observations
    B. People are sometimes too sure of their own abilities
    C. All of these answers are actually true statements about how people make decisions.
    D. People are always rational maximizers
    E. People are reluctant to change their minds in the face of new information