Economics MCQs

A. Non-rival in consumption and their benefits are nonexcludable:
B. Rival in consumption and their benefits are excludable
C. Rival in consumption and their benefits are non-excludable
D. Non-rival in consumption and their benefits excludable

A. A beautifully landscaped lawn.
B. Preservation of wetlands
C. A public utility.
D. A book

A. Limitless in utility
B. Non-rival in consumption
C. Congestible in consumption
D. Non-excludable

A. Non-rivalry
B. The free-rider problem
C. The coase theorem
D. The fallacy of composition

A. Supply side economists
B. Neo-keynesian economists
C. Rational -expectations economists
D. New classical economists

A. Aggregate supply will increase , aggregate demand will decrease
B. Aggregate supply will increase, aggregate output will increase and the price level will decrease
C. Aggregate supply will increase aggregate output will increase and the price level will increase
D. Both aggregate supply and demand will increase and the price level will increase

A. Initially increase and then decrease
B. Decrease continuously
C. Rise continuously
D. Initially decrease and then increase

A. Reduce poverty
B. Reduce unemployment
C. Weaken the power of trade unions
D. Help small businesses

A. Public borrowing
B. The private sector
C. Time and motion studies
D. Foreign labour

A. Market orientated economists
B. Left-wing theorists
C. Keynesian
D. New-keynesian