Consumer Theory vs Real Consumers Mcqs


Q.  Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 A pair of socks is ?

a. an inferior effect
b. a Geffen good
c. a normal good
d. none of these answers


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Suppose, due to political instability, Russians suddenly choose to invest in UK assets as opposed to Russian assets Which of the following statements is true regarding UK net foreign investment ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing Which of the following is true regarding the market for foreign currency exchange ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  An increasing in Europe’s taste for UK produced Hondas would cause the pound to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  An increase in the government budget deficit ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Capital flight ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following groups would be most harmed by a UK government budget deficit ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  An example of a trade policy is ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  An increase in Pakistan’s private saving ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets Which of the following statements is true regarding the value of the pound and UK net exports ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing, which of the following is true regarding UK net exports ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following statements regarding the market for foreign currency exchange is true ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following statements regarding the market for foreign currency exchange is true ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The Phrase “twin deficits” refers to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  An increase in the Pakistan’s government budget deficit ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following statement regarding the loanable funds market is true ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following statements regarding the loanable funds market is not true ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  A dual economy is distinguished from other economies by having ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Dual economies are countries ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  What is the ratio of population density of developing countries to the population of developed countries ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  In low-income countries the average agricultural family produces a surplus ?
Category: Economics Mcqs,   Published by: teswesm