A. all of these answers
B. price inelastic
C. unit price elastic
D. price elastic
A. zero
B. infinite
C. one
D. unable to be determined form this information
A. substitutes
B. complements
C. necessities
D. luxuries
A. The good is luxury
B. There are a great number of substitutes for the good
C. The good is a necessity
D. The good is an inferior good
Which of the following would cause a demand curve for a good to be price inelastic ? Read More »
Economics Mcqs, Elasticity A. income inelastic
B. price inelastic
C. price elastic
D. unit price elastic
A. decrease aggregate demand
B. reduce tax rates or lower interest rates
C. decrease government spending
D. decrease private consumption and investment
The Keynesian remedy for unemployment is to ? Read More »
And Urbanization, Economics Mcqs, Employment, Migration A. Migration to the cities is a larger contributor than natural population growth to urban labor growth is sub Saharan Africa
B. In Latin America natural population increase is the major source of urban growth
C. From 1975 to 2000 the number of cities in LDC with populations over 1 million increased from 20 to 50
D. The urban of total LDC population grew from 27 percent in 1975 and 35 percent in 1992 to 40 percent in 2003
Which of the following is not TRUE about rural urban migration ? Read More »
And Urbanization, Economics Mcqs, Employment, Migration A. marginal rate of substitution
B. labor force literacy
C. substitution of leisure and work among labor
D. limited technical sustainability of factors
The theoretical basis for zero marginal productivity of labor was the concept of ? Read More »
And Urbanization, Economics Mcqs, Employment, Migration A. are workers who are compelled to work short hours
B. result from an inadequate use of workers capacities
C. are part-time workers who voluntarily work short hours
D. None of the above is correct
The invisibly underemployed ? Read More »
And Urbanization, Economics Mcqs, Employment, Migration A. The unemployment rate for youths is twice that of people over 24
B. Unemployment in rural areas is twice that of urban areas
C. World-wide there are fewer unemployed females than males, but the rate is higher for women
D. The unemployed are relatively well educated
Which of the following is not TRUE about unemployed in LDCs ? Read More »
And Urbanization, Economics Mcqs, Employment, Migration