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Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are ? Read More »

Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are ?

A. perfect substitutes
B. complements
C. unrelated goods.
D. substitutes.

Demand curves are derived while holding constant ?

Demand curves are derived while holding constant ? Read More »

Demand curves are derived while holding constant ?

A. incomes, tastes, and the price of other goods.
B. income, tastes, and the price of the good.
C. income and tastes
D. tastes and the price of other goods

What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?

What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ? Read More »

What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?

A. The ceteris paribus effect
B. The diminishing marginal utility effect.
C. The substitution effect
D. The income effect

The law of demand implies that ?

The law of demand implies that ? Read More »

The law of demand implies that ?

A. as prices rise, demand decrease
B. as prices fall, quantity demanded increase
C. as prices fall demand increases
D. as prices rise, quantity demanded increases

Interventionist policies to restore regional imbalance focus on ?

Interventionist policies to restore regional imbalance focus on ? Read More »

Interventionist policies to restore regional imbalance focus on ?

A. subsidies to encourage firms that moves
B. tax concessions for firms that move.
C. improved infrastructure
D. all of the above

A way of helping depressed regions by having lower wages lower local taxes and lower unemployment benefit has been suggested as ?

A way of helping depressed regions by having lower wages lower local taxes and lower unemployment benefit has been suggested as ? Read More »

A way of helg depressed regions by having lower wages lower local taxes and lower unemployment benefit has been suggested as ?

A. market-orientated economists
B. left-wing theorists
C. Keynesian.
D. new-Keynesian

Reaganomics was a radical shift in policy aimed at directly tackling ?

Reaganomics was a radical shift in policy aimed at directly tackling ? Read More »

Reaganomics was a radical shift in policy aimed at directly tackling ?

A. the charities economy
B. the demand side of the economy
C. the underground economy
D. the supply side of the country

According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ?

According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ? Read More »

According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ?

A. there is no income effect when tax rates are changed
B. the income effect of a wage change is greater than the substitution effect of a wage change.
C. there is no substitution effect when tax rates are changed
D. the substitution effect of a wage change is greater than the income effect of a wage change

The success of regional and urban policies has been limited by ?

The success of regional and urban policies has been limited by ? Read More »

The success of regional and urban policies has been limited by ?

A. bureaucracy
B. bad luck
C. poor communications
D. the low level of government grants and by the fact that some projects would have gone ahead anyway