MCQs: Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?
Category: Economics Mcqs, Published by: teswesm
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MCQs: An increase (rightward shift) in the demand for a good will tend to cause ?
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MCQs: If the price of good is below the equilibrium price ?
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MCQs: All of the following shift the supply of watches to the right except ?
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MCQs: A monopolistic market has ?
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MCQs: The law of supply states that an increase in the price of a good ?
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MCQs: If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ?
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MCQs: The problem posed by a natural monopoly is that it faces a _____ This means that _______?
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MCQs: If two firms doing the same thing in the same industry join together, this is known as a ?
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MCQs: The social costs of monopoly power arises because ?
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MCQs: The effect of a tax to offset a negative externality will be to ____ price and ______ quantity?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Taxes creates a wedge between the sales price and purchase price that prevents the price system equating ____ and ______?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Except for taxes to offset ______ taxes are ______?
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MCQs: If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?
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MCQs: Markets sometimes fail to exist because of________?
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MCQs: Externalities arise because there is a divergence between ________ and _________?
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MCQs: The allocation of resources is not efficient if ?
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MCQs: We cannot say whether one allocation of resources is better than another allocation because ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Moral hazard means that the act of insuring ____ that the desired outcome will occur?
Category: Economics Mcqs, Published by: teswesm
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