A. perfect substitutes
B. complements
C. unrelated goods.
D. substitutes.
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
Demand curves are derived while holding constant ? Read More »
Economics Mcqs, Supply and Demand A. The ceteris paribus effect
B. The diminishing marginal utility effect.
C. The substitution effect
D. The income effect
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
The law of demand implies that ? Read More »
Economics Mcqs, Supply and Demand A. subsidies to encourage firms that moves
B. tax concessions for firms that move.
C. improved infrastructure
D. all of the above
Interventionist policies to restore regional imbalance focus on ? Read More »
Economics Mcqs, Supply-Side Policies A. market-orientated economists
B. left-wing theorists
C. Keynesian.
D. new-Keynesian
A. the charities economy
B. the demand side of the economy
C. the underground economy
D. the supply side of the country
Reaganomics was a radical shift in policy aimed at directly tackling ? Read More »
Economics Mcqs, Supply-Side Policies 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
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
The success of regional and urban policies has been limited by ? Read More »
Economics Mcqs, Supply-Side Policies A. New classical economists.
B. Left wing theorists
C. interventionist policies.
D. monetarists.
