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MCQs: Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raise its price to Rs 40 per month the number of subscribers will fall to 20000 At which of the following price does small Town Cablevision earn the greatest total revenue ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raises its price Rs40 per month the number of subscribers will fall to 20000 Using the midpoint method for calculating the elasticity what is the price elasticity of demand for cable TV in Small Town ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If supply is price inelastic the value of the price elasticity of supply must be ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If consumers always spend 15 percent of their income on food. then the income elasticity of demand for food is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If an increase in the price of a good has no impact on the total revenue in that market demand must be ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If a fisher must sell all of his daily catch before it spoils for whatever price he is offered once the fish are caught the fisherman’s price elasticity of supply for fresh fish is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If the cross-price elasticity between two goods is negative the two goods are likely to be ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Which of the following would cause a demand curve for a good to be price inelastic ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: U.S total official development assistance to developing countries is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: For Harvard’s Dani Rodrik Globalization involves ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The U.S real food aid, as well as food reserves dropped from the 1960s to the 1980s partly because ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Carmen Reinhart and Kenneth Rogoff explain the paradox of capital flows from poor to rich countries by ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Some economists and third-world policy makers criticize MNCs arguing that they have a negative effect on the developing country because they ?
I- increasing the LDC’s technological dependence on foreign sources resulting in less technological innovation by local workers
II- Hamper local entrepreneurship and investment in infant industries
III- increase unemployment rates from unsuitable technology
IV- Restrict subsidiary exports when they undercut the market of the parent company
Category: Economics Mcqs, Published by: teswesm
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MCQs: MNCs can help the developing country to ?
I- Finance a savings gap or balance of payments deficit
II- Obtain foreign technology by adapting existing processes
III- Generate appropriate technology by adapting existing processes
IV- Employ domestic labor, especially in skilled jobs
Category: Economics Mcqs, Published by: teswesm
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MCQs: Bilateral aid ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The balance on current account ?
I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfers
Category: Economics Mcqs, Published by: teswesm
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MCQs: Columbia’s Jagdish Bhagwati criticizes United States administrations inability to distinguish between benefits of free trade ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: In a portfolio investment ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The IMF is an agency charged with providing ?
Category: Economics Mcqs, Published by: teswesm
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