In a recession, GDP ?
A. Grows negatively
B. Grows slowly
C. Grows by 0%
D. Grows rapidly
In a recession, GDP ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Grows negatively
B. Grows slowly
C. Grows by 0%
D. Grows rapidly
In a recession, GDP ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. The CPI
B. The CBI
C. GDP
D. MPC
Economic growth can be measured by ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. increase injections
B. Reducing taxation rates
C. Reducing interest rates
D. Reducing government spending
A reflationary policy ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Actual injections = actual withdrawals
B. Planned injections = planned withdrawals
C. Savings = investment
D. Government spending = tax revenue
For equilibrium in an open four sector economy ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. National income will increase
B. National income will decrease
C. National income will stay in equilibrium
D. Price will fall
If injections are greater than withdrawals ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Decrease tax receipts
B. Worsen the balance of trade
C. Automatically cause an increase in government spending
D. causes an increase in injections into the economy
An increase in national income is likely to ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Likely in increase exports
B. Likely to decrease savings
C. Likely to decrease investment
D. Likely to increase spending on imports
An increase in national income is ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. The government
B. holders
C. Employees
D. The community
Companies in the private sector are owned by ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Average revenue equals average variable cost
B. Marginal revenue equals marginal cost
C. Average revenue equals marginal cost
D. Average revenue equals average cost
Normal profit occurs when ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. The total cost equals demand
B. The average revenue equals the marginal revenue
C. The price equals the average cost
D. The price equals the marginal cost
To be allocatively efficient a firm must produce where ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs