A. Increase interest rates
B. Encourage savings
C. Cut taxes
D. Reduce government spending
Economics Mcqs
Raising taxes and increasing welfare payments ?
A. reduces market power
B. Proves that there is such a thing as a free lunch
C. improves efficiency at the expense of equity.
D. improves equity at the expense of efficiency.
Which of the following is not a supply side measure ?
A. Increased training
B. Providing more information
C. Helping individuals to move location to find work
D. Increasing spending on existing industries
Foreign trade ?
A. increase the scarcity of resources.
B. makes a country more equitable.
C. allows a country to have a greater variety of products at a lower cost than if it tried to produce everything to home.
D. None of these
Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?
A. The upward accelerator
B. The downward multiplier
C. The upward PPF
D. The downward mpc
Which of the following activities is most likely to produce an externality?
A. A student eats a hamburger in the student union.
B. A student reads a novel for pleasure
C. A student sits at home and watches T.V
D. A student has a party in her room in the student hall of residence.
Which of the following situations describes the greatest market power ?
A. Subaru’s impact on the price f cars
B. a farmer’s impact on the price of corn
C. Microsoft’s impact on the price of desktop operating systems
D. a student’s impact on college tuition
The amount of unemployment that the economy normally experiences is known as ?
A. The natural rate of unemployment
B. cyclical unemployment
C. efficiency wage unemployment
D. frictional unemployment
Refer to Figure 1 The labour fouce is ?
A. 134.0 million
B. None of theses answers
C. 92.3 million
D. 98.0 million
Workers in Western Europe enjoy a high standard of living because ?
A. the countries of Western Europe have set high minimum wage rates.
B. Unions in Western Europe keep the wage high
C. none of these answers.
D. The countries of Western Europe have protected their industries from foreign corporation
E. Workers in the united states are highly productive