Economics MCQs

Page No. 231

Which of the following are potential solutions to the problem of air pollution?


a Grant right of the clean air to citizens so that firms must purchase the right to pollute


bAuctions off pollution permits.


c Auctions off pollution permits.


dRegulate the amount of pollutants that firms can put in the air



The Tragedy of the Commons is a parable that illustrates why?


acommon resources are overconsumed


b public goods are underproduced


cprivate goods are under consumed


dnatural monopolies overproduce goods.



When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because ?


athere are no benefits to the public since a public good is not excludable


bthe benefits are infinite because a public good is not rival and an infinite amount of people can consume it at the same time


cone can never place a value on human life or the environment


drespondents to naires have little incentive to tell the truth.



Suppose that requiring motorcycle riders to wear helmets reduces the probability of a motorcycle fatality from 0.3 percent to 0.2 percent over the lifetime of a motorcycle rider and that the cost of lifetime supply of helmets is Rs5000. It is efficient for the government to require riders to wear helmets if human life is valued at ?


aRs 150 or more


bRs 500,000 or more


c Rs50,000 or more


dRs500 or more


View Answer Rs 500,000 or more

Which of the following is an example of a public good ?


ahot dogs at a picnic


bWhales in the ocean


cnational defense


d apples on a tree in a public park


View Answer national defense

Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true ?


a it is efficient for the government to tax the resident €2,000 each and repair the road


bIt is efficient for each neighbour to pay €3,000 to repair the section of street in front of his/her home


c None of these answers are true


dit is not efficient to have the street repaired



A common resource is ?


anot rival but excludable


bboth rival and excludable


crival but not excludable


dneither rival nor excludable



A private good is ?


a rival but not excludable


bnot rival but excludable


c both rival excludable


dneither rival nor excludable



If one person’s consumption of a good diminishes other people’s use of the good, the good is said to be ?


arival


ba good produced by a natural monopoly


ca common resource


dexcludable


View Answer rival

Unions tend to increase the disparity in pay between insiders and outsiders by ?


aincreasing the wage in the Unionized sector, Which may create a decrease in the supply of workers in the non-unionized sector


bIncreasing the demand for workers in the Unionized sector


cdecreasing the demand for workers in the Unionized sector


d Increasing the wage in the Unionized sector which may create an increase in the supply of workers in the non-unionized sector



Goto Page No.

Page 231 of 444

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan