Economics Mcqs

A. Reduce injections into the economy
B. Reduce national income
C. Move the economy away from full employment
D. Boost aggregate demand

A. Decrease aggregate demand
B. Always equal savings
C. Always equal national income
D. include investment and export spending

A. Financial audit
B. Balance sheet
C. Profit and loss account
D. Social audit

A. Selling another unit will increase total revenue
B. Selling another unit will increase profits
C. Selling another unit will increase costs
D. Selling another unit will increase average revenue

A. Marginal costs are maximized
B. Marginal costs are Minimized
C. Average costs are minimized
D. Average costs are maximized

A. Total revenue equals total cost
B. There is the biggest positive difference between total revenue and total cost
C. There is the biggest negative difference between total revenue and total cost
D. Profits are Zero

A. Average revenue equals marginal cost
B. Average revenue equals average cost
C. Marginal revenue equals marginal cost
D. Average cost equals marginal cost

A. Demand is upward slog
B. Demand is price elastic
C. A price fall would increase revenue
D. Demand is price inelastic

A. Average revenue is greater than average variable cost
B. Average revenue is greater than average cost
C. Average revenue is greater than marginal revenue
D. Average revenue is greater than average fixed cost

A. Some products are produced that would not otherwise be produced
B. Producer surplus increases
C. Consumer surplus decreases
D. Firm’s profits increase