Economics MCQs

A. Shifts the short run phillips curve downward and the unemployment inflation trade-off is less favorable.
B. Shifts the short-run phillips curve upward and the unemployment inflation trade-off is more favorable
C. Shift the short-run phillips curve downward and the unemployment inflation trade-off is more favorable
D. Shifts the short run phillips curve upward and the unemployment inflation trade-off is less favorable

A. Dtvc/dq
B. Q/tvc
C. Dq/dtvc
D. Tvc/q

A. Productivity growth has been steady over the last 50 years
B. Productivity has been growing more slowly every decade since world war ii
C. Productivity grew quickly in the 1950s and 1960s more slowly from the early 1970s through 1995 and then quickly again
D. Productivity grew slowly from the 1950s through the 1970s and then began to accelerate probably due to advances in computer technology

A. There is no evidence, yet that rapid population growth stretches natural resources to the point that it limits growth in productivity
B. All of these answers
C. Rapid population growth may dilute the capital stock lowering productivity
D. Rapid population growth may promote technological progress increasing productivity.

A. The money supply shifts right prices fall spending increases and the aggregate demand curve shifts right
B. The money supply shifts right the interest rate rises investment decreases and the aggregate demand curve shifts left
C. The money supply shifts right the interest rate falls, investment increases, and the aggregate demand curve shifts right
D. The money supply shifts right, prices rise, demand curve shifts left

A. average total cost is falling
B. average total cost is raising
C. average total cost is maximized
D. average total cost is minimized

A. Is a reality that underlies economic behavior
B. Has the same meaning as selfishness
C. Is more characteristic of men than of women
D. Is usually self-defeating

A. The value placed on the last unit of production by buyers exceeds the cost of production
B. The cost of production on the last unit produced exceeds the value placed on it by buyers.
C. Consumer surplus is maximized
D. Total surplus is maximized

A. Corporate bonds
B. Company shares
C. All of these answers are equity finance
D. Government bonds

A. variable costs
B. implicit costs
C. explicit costs
D. marginal costs