Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Economics Mcqs

The traditional profit-maximizing theory of the firm has been criticized by some economists because ?

Alternative Theories Of The Firm, Economics Mcqs /
The traditional profit-maximizing theory of the firm has been criticized by some economists because ?

A. firms do not know how to maximize profits.
B. firms have other aims
C. it does not explain monopolistic competition
D. Both the first and second option

The traditional profit-maximizing theory of the firm has been criticized by some economists because ? Read More »

Alternative Theories Of The Firm, Economics Mcqs

Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

Application of Economics, Economics Mcqs /
Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

A. None of these answers
B. Disagree because they have different scientific judgments
C. really don’t disagree at all. It just appears that they disagree
D. disagree because they have different values

Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ? Read More »

Application of Economics, Economics Mcqs