A. Rs20,000; Rs20,000; Rs22,000
B. Rs1,000; Rs14,333; Rs1,000
C. Rs20,000; Rs13,100; Rs1,000
D. Rs1,000; Rs20,000; Rs22,000
Economics Mcqs
Which of the following is not true about how people make decisions ?
A. people give too much weight to a small number of vivid observations
B. People are sometimes too sure of their own abilities
C. All of these answers are actually true statements about how people make decisions.
D. People are always rational maximizers
E. People are reluctant to change their minds in the face of new information
Which of the following help explain why firms pay bonuses to workers during particularly profitable years to prevent workers from becoming disgruntled ?
A. people are rational maximizers
B. People are reluctant to change their minds
C. People are inconsistent over time
D. People care about fairness
Spending on motoring as a % of household expenditure in the UK shows that motoring is ?
A. Environmentally damaging
B. an inferior good
C. a potential public good
D. a superior good
Evidence suggests that the price elasticity of demand for motoring is ?
A. absolutely inelastic
B. Unitarily elastic
C. Elastic
D. inelastic
Which city has the following transport policy ?
A. Car licenses are very expensive vehicle entry to the city center is very restricted road pricing is being introduced and modern cheap rail transport is being expanded.
B. London
C. Athens
D. Singapore
E. New York
Supporters of antimonopoly enforcement argue that the real gain from such enforcement ?
A. is that if encourages firms to engage in research which leads to new products
B. is the revenue generated from the fines paid by those individuals who are found guilty of antitrust violation?
C. Is that this policy serves to deter firms from engaging in such practices as collusion, price-fixing and deceptive advertising
D. is that it forces firms to produce efficiently.
A horizontal merger is a merger of?
A. firms producing unrelated products
B. firms producing complementary products
C. firms at various stages in a production process.
D. firms producing the same product
A merger between a paper producer and a book publisher is an example of?
A. a conglomerate merger.
B. a horizontal merger
C. a complementary products merger.
D. a vertical merger
A merger in which firms at various stages in a production process combine is a ?
A. production merger
B. vertical merger
C. conglomerate merger.
D. horizontal merger