An increase in productivity should ?

Byadmin May 29, 2019September 11, 2021

An increase in productivity should ?

A. Lead to a contraction of supply
B. Lead to an expansion of supply
C. Lead to a shift in supply outwards (i.e more supplied at each and every price)
D. Lead to a higher equilibrium and lower equilibrium quantity

Economics Mcqs | Efficiency And The Public Interest | Markets

Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?

Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?

A. Hispanics and Asians
B. African Americans
C. Western Europeans
D. Middle Eastern

Read More Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?
Economics Mcqs | Profit Maximizing Under Perfect Competition And Monopoly

Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP) ?

Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP) ?

A. If TP is declining, then AP is negative
B. If AP = MP, then total product is at a maximum.
C. If AP exceeds MP then AP is falling
D. If AP is at a maximum, then MP is also,

Read More Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP) ?
Economics Mcqs | Introduction To Economics

A demand curve can shift because changing ?

A demand curve can shift because changing ?

A. incomes
B. prices of related goods
C. tastes
D. all of the above

Read More A demand curve can shift because changing ?
Economics Mcqs | Labour Market

Which of the following is an example of a reason why firms might pay efficiency wages ?

Which of the following is an example of a reason why firms might pay efficiency wages ?

A. At equilibrium wages workers sleep when the boss is not looking because workers are not deeply concerned about being fired
B. At equilibrium wages workers often quit to find better jobs.
C. At equilibrium wages only minimally qualified workers apply for the job
D. At equilibrium wages, workers cannot afford a healthy diet so they fall asleep at work due to a lack of energy
E. All of these answers

Read More Which of the following is an example of a reason why firms might pay efficiency wages ?
Application of Economics | Economics Mcqs

In which of the following cases is the assumption most reasonable ?

In which of the following cases is the assumption most reasonable ?

A. To address the impact to taxes on income distribution an economist assumes that everyone earns the same income.
B. To address the impact of money growth on inflation, an economist assumes that money is strictly coins.
C. To model the benefits of trade. an economist assumes that there are two people and two goods
D. To estimate the speed at which a beach ball falls, a physicist assumes that if falls in a vacuum.

Read More In which of the following cases is the assumption most reasonable ?
Economics Mcqs | Non-Tariff Trade Barriers

A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

A. domestic subsidy
B. voluntary restraint agreement
C. domestic content requirement
D. tariff-rate quota

Read More A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

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