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8780701
Econs 1987
Descrição
I love Econs
Sem etiquetas
allocation of scarce ressources
Quiz por
Courage Chidi
, atualizado more than 1 year ago
Mais
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Criado por
Courage Chidi
aproximadamente 7 anos atrás
3
0
0
Resumo de Recurso
Questão 1
Questão
Price can be defined as
Responda
A rate of exchange
The cost of a product
The standard of accounting
A medium of exchange
Questão 2
Questão
A shift of the demand curve when supply curve is vertical will lead to à change in
Responda
Price only
quantity only
price and quantity only
quality only
Questão 3
Questão
If a good is an inferior good then
Responda
The income elasticity of demand is negative.
It is a giffen good
the poor but It only out of habit.
It varies inversely with price.
Questão 4
Questão
An increase in supply will lower price unless
Responda
It is followed by an increase in demand
demand is highly inelastic
demand is perfectly elastic
supply is perfectly inelastic
Questão 5
Questão
Which form of market is found in an imperfect competition where there are few buyers and many sellers
Responda
Oligopsony
Oligopoly
Monopoly
Duopoly
Questão 6
Questão
The liability of the sole trader is
Responda
Unlimited
limited
transferable
indeterminable
Questão 7
Questão
Which of the following is a disadvantage of Regional concentration of industries
Responda
Development of Congested urban areas
High cost of labour
Immobility of labour
existence of Regional unemployment
Questão 8
Questão
Economic development is defined as
Responda
positive change plus growth
availability of more goods and services
outward shift of the PPC
growth in national income
Questão 9
Questão
For improvement in welfare,production is not enough because?
Responda
Equitable distribution is necessary
production efficiency is vital
the Have-mots deserve more than a fait share.
savings must be granted at more than 50 percent income earned
Questão 10
Questão
The difference between personal income and personal disposable income is
Responda
Personal income tax
investment income
personal savings
Consumption expenditure
Questão 11
Questão
Frictional unemployment means
Responda
occurs when people are changing jobs
Occurs when the number of job seekers exceeds the number of vacancies
Is total employment minus structural unemployment
Questão 12
Questão
Transfer payments are ?
Responda
Unearned income
transfer earings
payment transferred from one account to another
Money from one country to another
Questão 13
Questão
Statistical analyses suggests that?
Responda
The MPS is High
The MPC is High
consumption pattern is negative
perfect correlation Between consumption and savings
Questão 14
Questão
Advalorem tax means?
Responda
A percentage tax base on the value of the commodity
a tax on the income of the consumer
Payment of a tax on the profit made
tax on the volume
Questão 15
Questão
The rate of exchange between domestic and a foreign currency is defined as the?
Responda
Domestic currency price of a unit of the foreign currency
foreign currency price of gold
Domestic currency price of gold
terms of trade
Questão 16
Questão
If inflation continues
Responda
lenders will demand higher interest rates.
people would want to gold money
people will want to gold more money.
the growth of full employment will be acellerated
Questão 17
Questão
In the keynesian model?
Responda
Demand for money is Inversely related to the rate of interest.
investment is directly related to the rate of interest
investment is not related to the ratio of interest
the demand for money is directly related to interest rate.
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