Economics - Applied Microeconomics
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This is the MCQs of Economics
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Question 1 of 20
1. Question
Spending on motoring as a % of household expenditure in the UK shows that motoring is:
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Question 2 of 20
2. Question
Between 1990 and 1999 car ownership per thousand of the population fell in:
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Question 3 of 20
3. Question
Evidence suggests that the price elasticity of demand for motoring is:
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Question 4 of 20
4. Question
The external benefits of using cars are ____ and the external costs are _____
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Question 5 of 20
5. Question
Which city has the following transport policy?
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Question 6 of 20
6. Question
In the UK, electricity industry parts are a ____ and other parts are ___
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Question 7 of 20
7. Question
Supporters of antimonopoly enforcement argue that the real gain from such enforcement:
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Question 8 of 20
8. Question
Antimonopoly laws are based on the proposition that:
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Question 9 of 20
9. Question
A horizontal merger is a merger of:
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Question 10 of 20
10. Question
A merger in which firms at various stages in a production process combine is a:
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Question 11 of 20
11. Question
A merger between a paper producer and a book publisher is an example of:
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Question 12 of 20
12. Question
A conglomerate merger is a merger of:
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Question 13 of 20
13. Question
A firm charging different buyers different prices for the same product is practicing:
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Question 14 of 20
14. Question
Sales staff are keen to sell extended warranties because:
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Question 15 of 20
15. Question
Privatisation is the transfer of:
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Question 16 of 20
16. Question
Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition.
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Question 17 of 20
17. Question
De-regulation is where the government.
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Question 18 of 20
18. Question
The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of:
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Question 19 of 20
19. Question
In the country X it is now becoming possible to buy electricity from a gas company and gas from an electricity company. This is called:
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Question 20 of 20
20. Question
Economists use the term regulatory capture to mean a situation where the private sector firms being regulated:
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