A. 4
B. 20
C. 25
D. 5
A. A debit card is not really money because it is only a means of transferring money between accounts
B. All the wealth that people hold, in whatever form, should be considered as money
C. Wealth held in the current account you hold with your bank is almost as convenient for buying things as wealth held in your wallet so the wealth in current accounts should be included in measures of money
D. In a complex economy it is not easy to draw a clear dividing line between assets that should be considered as money and those that should not
Which of the following statements about money is not true ? Read More »
Economics Mcqs, Interest Rates And Output, Money A. Paper euros
B. gold
C. Silver coins
D. cigarettes
An example of fiat money is ? Read More »
Economics Mcqs, Interest Rates And Output, Money A. The value of all coins and currency in circulation at any time
B. Anything that is generally accepted as a medium of exchange
C. The same as income
D. All of the above
A. charging different prices on the basis of race
B. charging different prices for goods with different costs of production
C. charging different prices based on cost-of-service differences
D. selling a certain product of given quality and cost per unit at different prices to different buyers
Which of the following best defines price discrimination ? Read More »
Economics Mcqs, Monopoly A. charge a higher price
B. produce a lower quantity of the product
C. make a greater amount of economic profit
D. all of the above
Compared to the case of perfect competition, a monopolist is more likely to ? Read More »
Economics Mcqs, Monopoly A. the price is greater than the marginal revenue
B. the price is less than the marginal revenue
C. there is no relation
D. they are equal
In pure monopoly, what is the relation between the price and the marginal revenue ? Read More »
Economics Mcqs, Monopoly A. increase should
B. decrease output
C. keep output the same because profits are maximized when marginal revenue exceeds marginal cost
D. raise the price
If a marginal revenue exceeds marginal cost, a monopolists should? Read More »
Economics Mcqs, Monopoly A. will rise
B. will fall
C. will remain the same
D. could either rise or fall depending on the elasticity of the monopolist’s supply curve
A. tends to be inefficient.
B. usually lowers the cost of production dramatically.
C. creates synergies between the newly acquired firm and other government-owned companies.
D. does none of the things described in these answers
Public ownership of natural monopolies ? Read More »
Economics Mcqs, Monopoly