Economics Mcqs | The Balance of Payments

A country’s transactions with the rest of the world are recorded in the ?

Byadmin May 27, 2019September 9, 2021

A country’s transactions with the rest of the world are recorded in the ?

A. balance of international indebtedness
B. balance of financial transactions
C. balance of payments
D. income statements

Economics Mcqs | Income Inequality

Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution ?

Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution ?

A. exaggerate the inequality of living standards
B. could exaggerate or understate the inequality of living standards depending on whether the transitory shocks are positive or negative
C. understate the inequality of living standards
D. accurately represent the true inequality of living standards

Read More Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution ?
Economics Mcqs | Oligopoly

In a cartel member firms may be given a fixed amount to produce. This is called a ?

In a cartel member firms may be given a fixed amount to produce. This is called a ?

A. Limit
B. Factor
C. Quota
D. Quotient

Read More In a cartel member firms may be given a fixed amount to produce. This is called a ?
Costs | Economics Mcqs | Supply And Perfect Competition

A production is technique is technically efficient if ?

A production is technique is technically efficient if ?

A. output is maximized
B. inputs are minimized
C. there is no way to make a given output using less of one input and no more of the other inputs
D. Costs are minimized

Read More A production is technique is technically efficient if ?
Application of Economics | Economics Mcqs

Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

A. really don’t disagree at all It just appears that they disagree.
B. disagree because they have different values.
C. none of these answers.
D. disagree because they have different scientific judgments.

Read More Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?
Basic of Economics | Economics Mcqs

Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?

Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?

A. Free market economy
B. Laissez faire also Laisser faire
C. Open market economy
D. Liberal market economy

Read More Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
Economics Mcqs | Elasticity

If a fisher must sell all of his daily catch before it spoils for whatever price he is offered once the fish are caught the fisherman’s price elasticity of supply for fresh fish is ?

If a fisher must sell all of his daily catch before it spoils for whatever price he is offered once the fish are caught the fisherman’s price elasticity of supply for fresh fish is ?

A. zero
B. infinite
C. one
D. unable to be determined form this information

Read More If a fisher must sell all of his daily catch before it spoils for whatever price he is offered once the fish are caught the fisherman’s price elasticity of supply for fresh fish is ?

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