Economics Mcqs | Miscellaneous Economics Mcqs

An increase in the marginal propensity to consume will ?

Byadmin May 31, 2019September 11, 2021

An increase in the marginal propensity to consume will ?

A. increase the size of the multiplier
B. Increase the marginal propensity to save
C. Decrease national income
D. Reduce injections into the economy

Miscellaneous Economics Mcqs

A society’s economic system is largely determined by its concept of________________?

A society’s economic system is largely determined by its concept of________________?

A. truth
B. property
C. hapess
D. justice

Read More A society’s economic system is largely determined by its concept of________________?
Economic Development in Historical Perspective | Economics Mcqs

How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?

How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?

A. declined
B. increased
C. remained the same
D. cannot be determined

Read More How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?
Economic Development in Historical Perspective | Economics Mcqs

Why has modern economic growth mainly been in western countries ?

Why has modern economic growth mainly been in western countries ?

A. a strong Catholic church intervention in the economic decisions
B. an emphasis on trade restrictions
C. the use of the medieval economy
D. the rise of capitalism

Read More Why has modern economic growth mainly been in western countries ?
Economics Mcqs | Market

We cannot say whether one allocation of resources is better than another allocation because ?

We cannot say whether one allocation of resources is better than another allocation because ?

A. some people can’t count
B. some people may not be permanent resident
C. not all economic activity is legal
D. We can’t make value judgments to compare different people’s welfare

Read More We cannot say whether one allocation of resources is better than another allocation because ?
Economics Mcqs | Monopoly & Competition

Which of the following is true regarding the production and pricing decisions of monopolistically competitive firms? Monopolistically competitive firms choose the quantity at which marginal cost equals ?

Which of the following is true regarding the production and pricing decisions of monopolistically competitive firms? Monopolistically competitive firms choose the quantity at which marginal cost equals ?

A. marginal revenue and then use the demand curve to determine the price consistent with this quantity
B. average total cost and then use the supply curve to determine the price consistent with this quantity
C. marginal revenue and then use the supply curve to determine the price consistent with this quantity
D. average total cost and then use the demand curve to determine the price consistent with this quantity

Read More Which of the following is true regarding the production and pricing decisions of monopolistically competitive firms? Monopolistically competitive firms choose the quantity at which marginal cost equals ?
Comparative GDP | Economics Mcqs

For a given level of technology, we should expect an increase in productivity within a nation when there is an increase in each of the following except ?

For a given level of technology, we should expect an increase in productivity within a nation when there is an increase in each of the following except ?

A. labor
B. physical capital/worker
C. human capital/worker
D. natural resources/worker

Read More For a given level of technology, we should expect an increase in productivity within a nation when there is an increase in each of the following except ?

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