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Miscellaneous Economics Mcqs

According to supply side economists as tax rates are reduced labour supply should increase. This implies that ?

According to supply side economists as tax rates are reduced labour supply should increase. This implies that ?

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

According to supply side economists as tax rates are reduced labour supply should increase. This implies that ? Read More »

Economics Mcqs, Miscellaneous Economics Mcqs

Assume there is no government or foreign setor, If the MPC is 75 a Rs20 million decrease in planned investment will cause aggregate output to decrease by ?

Assume there is no government or foreign setor, If the MPC is 75 a Rs20 million decrease in planned investment will cause aggregate output to decrease by ?

A. Rs80 million
B. Rs20 million
C. Rs 15 million
D. Rs26.67 million

Assume there is no government or foreign setor, If the MPC is 75 a Rs20 million decrease in planned investment will cause aggregate output to decrease by ? Read More »

Economics Mcqs, Miscellaneous Economics Mcqs

The ratio of change in the equilibrium level of output to a change in some autonomous variable is the ?

The ratio of change in the equilibrium level of output to a change in some autonomous variable is the ?

A. automatic stabiliser
B. multiplier
C. elasticity coefficient
D. marginal propensity of the autonomous variable

The ratio of change in the equilibrium level of output to a change in some autonomous variable is the ? Read More »

Economics Mcqs, Miscellaneous Economics Mcqs