Economics MCQs

A. Substitutes inferior
B. Normal, complements
C. Substitutes complements
D. Normal, inferior

A. Negative income elasticity income elasticity greater than 1
B. Income elasticity greater than 1, negative income elasticities
C. Positive income elasticities, negative income elasticities
D. None of the above

A. Increase quantity demanded, reduce quantity demanded
B. Increase quantity demanded, increases quantity demanded
C. Reduce quantity demanded, reduce quantity demanded
D. Reduce quantity demanded, increase quantity demanded

A. Status
B. Prestige
C. Utility
D. Self-esteem

A. Supply curve
B. Market demand curve
C. Demand curve
D. Market supply curve

A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost

A. Increase consumption
B. Increasing export revenue
C. Increased taxation revenue
D. Increased investment

A. Shift aggregate supply to the right
B. Shift aggregate supply to the left
C. Shift aggregate demand to the right
D. Shift aggregate demand to the left

A. Shift aggregate supply to the right
B. Shift aggregate supply to the left
C. Shift aggregate demand to the right
D. Shift aggregate demand to the left

A. Inelastic; increase
B. Elastic; increase
C. Elastic, decrease
D. None of the above