Economics MCQs

Page No. 351

Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are ?


a perfect substitutes

✖


bcomplements

✓


cunrelated goods.

✖


d substitutes.

✖


View Answer complements

Demand curves are derived while holding constant ?


a incomes, tastes, and the price of other goods.

✓


b income, tastes, and the price of the good.

✖


c income and tastes

✖


dtastes and the price of other goods

✖



What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?


a The ceteris paribus effect

✖


bThe diminishing marginal utility effect.

✖


cThe substitution effect

✓


dThe income effect

✖



The law of demand implies that ?


aas prices rise, demand decrease

✖


bas prices fall, quantity demanded increase

✓


cas prices fall demand increases

✖


das prices rise, quantity demanded increases

✖



Interventionist policies to restore regional imbalance focus on ?


a subsidies to encourage firms that moves

✖


btax concessions for firms that move.

✖


c improved infrastructure

✖


dall of the above

✓


View Answer all of the above

A way of helping depressed regions by having lower wages lower local taxes and lower unemployment benefit has been suggested as ?


amarket-orientated economists

✓


bleft-wing theorists

✖


cKeynesian.

✖


dnew-Keynesian

✖



Reaganomics was a radical shift in policy aimed at directly tackling ?


athe charities economy

✖


bthe demand side of the economy

✖


cthe underground economy

✖


dthe supply side of the country

✓



According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ?


athere is no income effect when tax rates are changed

✖


bthe income effect of a wage change is greater than the substitution effect of a wage change.

✖


c there is no substitution effect when tax rates are changed

✖


dthe substitution effect of a wage change is greater than the income effect of a wage change

✓



The success of regional and urban policies has been limited by ?


abureaucracy

✖


bbad luck

✖


c poor communications

✖


d the low level of government grants and by the fact that some projects would have gone ahead anyway

✓



A way helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ?


a New classical economists.

✖


bLeft wing theorists

✖


c interventionist policies.

✓


dmonetarists.

✖



Goto Page No.

Page 351 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