Economics MCQs

A. 800
B. 40,000
C. More than zero but less than 800
D. Less than zero

A. Mobile phone
B. Electricity
C. Water supply
D. Postal service

A. A natural monopoly
B. An ldc’s limit of one firm to an industry
C. An individual firm facing a horizontal (perfectly elastic) demand curve in ldcs
D. The existence of oligopoly

A. Productivity paradox
B. Absorptive capacity
C. The residual
D. Uncertainly

A. Enough to supply only a small nonagricultural population
B. Of zero
C. Large enough of feed five other families
D. Large enough to feed 25 other families

A. 10
B. 2
C. No more than 1
D. 20

A. With double capital and labor/
B. With a modern manufacturing sector as well as traditional agriculture sector
C. That specialize in labor intensive products more than capital intensive products
D. With foreign owned and domestically owned capital

A. An industrial sector and a manufacturing sector
B. A traditional agricultural sector and a modern industrial sector
C. State owner ship of the means of production
D. An industrial sector that concentrates on manufacturing and construction

A. G-7 countries
B. Countries with highest productivity growth in the world since 1960
C. Countries with decreasing tfp growth since 1990s
D. Countries with the lowest information technology equipment and software index prices

A. Maximum capital absorption
B. Factor price distortions
C. Engineering mentality
D. Intermediate technology