Applied Microeconomics Mcqs


Q.  Spending on motoring as a % of household expenditure in the UK shows that motoring is ?

a. Environmentally damaging
b. an inferior good
c. a potential public good
d. a superior good


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  If a factor exhibits diminishing marginal product, hiring additional units of the factor will ?
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MCQs:  When capital is owned by the firm as opposed to being directly owned by household capital income may take any of the following forms except ?
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