Economics MCQs

A. competitive pricing.
B. price discrimination
C. price discounting.
D. price fixing.

A. corporately owned businesses to individuals
B. publicly held stock to private individuals.
C. government businesses to the private sector
D. privately owned businesses to the government sector

A. removes barriers to entry
B. imposes higher standards of conduct
C. removes barriers to entry and minimum product quality standards
D. breaks up private sector monopolies.

A. deregulation
B. making markets contestable
C. natural monopoly.
D. cross-subsidization.

A. It must be “as seen on tv”
B. It must be free to the signaling party
C. It must be costly to the signaling party but less costly to the party with higher-quality product
D. It must be applied to an inexpensive product

A. Josephine doesn’t buy health insurance because it is too expensive, and she is healthy
B. A life insurance company forces enzo to have a medical examination prior to selling him insurance
C. Enzo drives more reckleSSLy after he buys car insurance
D. Fatima chooses to attend a well-respected college

A. Rs20,000; rs20,000; rs22,000
B. Rs1,000; rs14,333; rs1,000
C. Rs20,000; rs13,100; rs1,000
D. Rs1,000; rs20,000; rs22,000

A. People give too much weight to a small number of vivid observations
B. People are sometimes too sure of their own abilities
C. All of these answers are actually true statements about how people make decisions.
D. People are always rational maximizers

A. People are rational maximizers
B. People are reluctant to change their minds
C. People are inconsistent over time
D. People care about fairness

A. environmentally damaging
B. an inferior good
C. a potential public good
D. a superior good