Economics MCQs

Page No. 188

Which of the following is not true ?


aDevelopment generally improves the health system while better health increases productivity social cohesion, and economic welfare


bLife expectancy is probably the best single indicator of national health levels


cLife expectancy in Africa increased steadily from 1994 to 2003 due to better health care


dThere are growing inequalities in investment in health worldwide



Labor productivity is higher in DCs such as Japan and Germany than LDCs due to ?


ahigh formal education and training


bbetter health and physical condition of the labor force


cBoth a and b are correct


d None of the above is correct



Which of the following is True about HIV/AIDS ?


a Women comprised 58 percent of HIV-positive adults in the Sub-Sahara


bAIDs infection rates in Africa are highest among urban high


c in 2001 40 million people with HIV/AIDS lived in sub-Saharan Africa


dA and B


View Answer A and B

The disease burden could be measured by calculating _________ combining years lost through premature death and from living with disability?


amortality-adjusted lifelong


bpremature living age


clife mortality-fertility ratio


ddisability-adjusted life years



The marginal product model assumes that ?


aindividuals pay the full cost of their education


bgovernment subsidizes schooling


ceducation persons migrate more


dcapital and unskilled labor are complements



In 2000, the Economist estimated that only _________ of some 360 million internet users were in Africa ?


a60 million


b10 million


c 3 million


dmillion


View Answer 3 million

If the income elasticity of demand for a good is negative it must be ?


a an elastic good


ban inferior good


ca normal good


d a luxury good


View Answer an inferior good

If there is excess capacity in a production facility it is likely that the firm’s supply curve is ?


aprice inelastic


bnone of these


cunit price elastic


d price elastic


View Answer price elastic

Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?


a increase total revenue to farmers as a whole because the demand for food is elastic


bincrease total revenue to farmers as whole because the demand for food is inelastic


creduce total revenue to farmers as a whole because the demand for food is elastic


dreduce total revenue to farmers as a whole because the demand for food is inelastic



A decrease in supply (shift to the left) will increase total revenue in that market if ?


ademand is price inelastic


bsupply is price elastic


csupply is price inelastic


d demand is price elastic



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