MCQs: A change in the relative prices of which of the following pair of goods would likely cause the smallest substitution effect ?
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MCQs: If leisure is a normal good, an increase in the wage ?
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MCQs: The change in consumption that results when a price change moves the consumer along a given indifference curve is known as the ?
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MCQs: Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The income effect is represented by the movement from point ?
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MCQs: Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented b point ?
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MCQs: If an increase in a consumer’s income causes the consumer to increase his quantity demand of a good, then the good is ?
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MCQs: Which of the following is true about the consumer’s optimum consumption bundle? At the optimum ?
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MCQs: Which of the following statements is not true with regard to the standard properties of indifference curves ?
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MCQs: uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
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MCQs: indifference curves for perfect substitutes are ?
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MCQs: The limit on the consumption bundles that a consumer can afford is known as ?
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MCQs: An export subsidy should have the opposite effect of ?
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MCQs: Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
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MCQs: Which of the following statements about trade policy is true ?
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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 ?
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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 ?
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MCQs: An increasing in Europe’s taste for UK produced Hondas would cause the pound to ?
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MCQs: An increase in the government budget deficit ?
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MCQs: Capital flight ?
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MCQs: Which of the following groups would be most harmed by a UK government budget deficit ?
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