Economics Mcqs | Market

If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is ?

Byadmin May 31, 2019September 11, 2021

If an increase in consumer incomes leads to a decrease in the demand for camg equipment, then camg equipment is ?

A. a normal good
B. none of these answers
C. an inferior good
D. a substitute good

Basic of Economics | Economics Mcqs

An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?

An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?

A. Free adjustment
B. Cost effective adjustment
C. Comparative adjustment
D. Cost of living adjustment

Read More An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
Budget Deficits And The Trade Balance | Economics Mcqs

An increasing in Europe’s taste for UK produced Hondas would cause the pound to ?

An increasing in Europe’s taste for UK produced Hondas would cause the pound to ?

A. depreciate and would increase UK net exports
B. appreciate and would increase UK net exports
C. depreciate and would decrease UK net exports
D. appreciate, but the total value of UK net export stays the same

Read More An increasing in Europe’s taste for UK produced Hondas would cause the pound to ?
Economics Mcqs | Supply and Demand

Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?

Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?

A. Demand is price inelastic
B. The good is inferior
C. Income elasticity is -2
D. The product is normal

Read More Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?
Economics Mcqs | Trade Policies For the Developing Nations

Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?

Concerning the hypothesis that there has occurred a long run deterioration in the develog countries terms of trade empirical studies provide ?

A. mixed evidence that does not substantiate the deterioration hypothesis
B. overwhelming support for the deterioration hypothesis
C. overwhelming opposition to the deterioration hypothesis
D. None of the above

Read More Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?
Economics Mcqs | Labour Market

In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?

In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?

A. The average cost of labour
B. The marginal product
C. The marginal revenue
D. The total cost of labour

Read More In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?
Economics Mcqs | Trade Policies For the Developing Nations

To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?

To help develog nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to develog nations under the ?

A. international commodity agreements program
B. multilateral contract program
C. generalized system of preferences program
D. export-led growth program

Read More To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?

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