Which element of the Word window shows the position of text, tabs, margins, indents and other items on the page?
Correct answer A. Ruler
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Economics MCQs
Page 84 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 84 of 131
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
Which keyboard shortcut sets 1.5 line spacing in Microsoft Word?
Correct answer D. Ctrl + 5
Which keyboard shortcut applies bold formatting?
Correct answer D. Ctrl + B
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Which keyboard shortcut applies the Normal style in Microsoft Word?
Correct answer C. Ctrl + Shift + N
In word processing, which mode lets you enter new text at the current cursor position without overwriting existing text?
Correct answer D. Insertion Mode
Since standard measures of income distribution leave out in-kind transfers, how do they relate to the true inequality of living standards?
Correct answer A. They exaggerate the inequality of living standards
What effect will a spell of unemployment caused by a recession have on a worker’s income?
Correct answer D. It will reduce current income but not necessarily permanent income
If people can borrow and lend to smooth their living standards perfectly over their lifetimes, which measure best reflects the distribution of living standards?
Correct answer D. Permanent income
Under the maximin criterion from Rawls’s theory of justice, what should the government aim to do?
Correct answer D. Maximise the well-being of the worst-off person in society
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How does utilitarianism suggest the government should maximise the total utility of everyone in society?
Correct answer B. By redistributing income from rich to poor because, owing to diminishing marginal utility of income, taking a pound from the rich reduces their utility by less than the gain from giving that pound to the poor
Why does Rawls’s maximin criterion not call for redistribution that equalises everyone’s income?
Correct answer C. Such redistribution would remove the incentive to work hard, so society's total income would fall and the least well-off person would be worse off than under a system with some income inequality
Why do current anti-poverty programmes discourage work?
Correct answer A. Benefits are reduced at such a high rate when recipients earn more income that there is little or no incentive to work once receiving benefits
What does the poverty trap refer to?
Correct answer C. A situation in which those receiving state benefits may be almost no better off if they work more, because doing so reduces the benefit income they are entitled to and increases the tax they pay
What is it called when the demand for car workers arises from the demand for cars?
Correct answer B. Derived demand
According to the substitution effect of higher wages, what happens as the wage rate rises?
Correct answer B. Leisure becomes more expensive and households buy less of it
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If the income effect is smaller than the substitution effect, what will higher net wages do?
Correct answer D. Increase the supply of labour
What are wage differences caused by differences in working conditions known as?
Correct answer D. Compensating differentials
In a competitive labour market, firms hire workers up to the point where the marginal revenue product of labour equals what?
Correct answer A. The wage rate
Using L for labour and X for the product, what is the formula for the marginal revenue product of labour?
Correct answer A. (MPL) (PX)
An unemployed salesperson turns down a job paying Rs500 a week and keeps searching for better pay. What is the cost of this continued search?
Correct answer D. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search