MCQs of Economics – Applied Microeconomics

Spending on motoring as a % of household expenditure in the UK shows that motoring is:

Between 1990 and 1999 car ownership per thousand of the population fell in:

Evidence suggests that the price elasticity of demand for motoring is:

The external benefits of using cars are ____ and the external costs are _____

Which city has the following transport policy?

In the UK, electricity industry parts are a ____ and other parts are ___

Supporters of antimonopoly enforcement argue that the real gain from such enforcement:

Antimonopoly laws are based on the proposition that:

A horizontal merger is a merger of:

A merger in which firms at various stages in a production process combine is a:

A merger between a paper producer and a book publisher is an example of:

A conglomerate merger is a merger of:

A firm charging different buyers different prices for the same product is practicing:

Sales staff are keen to sell extended warranties because:

Privatisation is the transfer of:

Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition.

De-regulation is where the government.

The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of:

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:

Economists use the term regulatory capture to mean a situation where the private sector firms being regulated: