Introduction To Economics Mcqs


Q.  High and persistent inflation is caused by ?

a. unions increasing wages too much
b. OPEC raising the price of oil too much
c. governments increasing the quantity of money too much
d. regulations raising the cost of production too much


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  If a price increase of good A increases the quantity demanded of good B, then good B is a________________?
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MCQs:  A demand curve can shift because changing ?
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MCQs:  ________ and ___________ do not directly affect the demand curve ?
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MCQs:  The equilibrium price clears the market it is the price at which _________________?
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MCQs:  When we know the quantity of a product that buyers wish to purchase at each possible price we know_____________?
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MCQs:  On a graph, a positive linear relationship___________________?
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MCQs:  If you income during one year is Rs10,000 and the following year it is Rs12,000 then it has grown by ________________?
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MCQs:  The retail price index is used to__________________?
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MCQs:  Data are important in economics because _________ and ____________?
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MCQs:  If marginal benefit is greater than marginal cost, a rational choice involves ?
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MCQs:  Normative economics Forms ________ based on ________?
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MCQs:  In a free market?
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MCQs:  The opportunity cost of a good is______________?
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MCQs:  Productivity can be increased by ?
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MCQs:  You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generated sales revenue of Rs 2000 and you have already spent Rs 1000 building the hot dog stand. The hot dog stand is nearly completed but now you estimate total sales to be only Rs 800 because the fair clashes with a major music festival in a nearby location. You can complete the hot dog stand for another Rs 300 Your decision rule should be to complete the hot dog stand as long as the cost to complete the stand is less than ?
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MCQs:  The Phillips curve shows that ?
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MCQs:  Workers in Western Europe enjoy a high standard of living because ?
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MCQs:  Which of the following situations describes the greatest market power ?
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MCQs:  Which of the following activities is most likely to produce an externality?
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MCQs:  Foreign trade ?
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