Economics Mcqs — Test 44
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Question 1
Economics say that there has to be some from of rationing whenever ?
Question 2
In a free market system rationing occurs when there are increases in ?
Question 3
If a government were to fix a minimum wage for adult workers, economists would predict ?
Question 4
The government is considering placing a tax on cigarettes to raise revenue to finance health-care benefits. The demand for cigarettes is price inelastic Which of the following statements is True ?
Question 5
Which of the following is the government most likely to subsidies ?
Question 6
All of the following are types of imperfect competition except ?
Question 7
Agricultural prices tend to be unstable because ?
Question 8
A public good ?
Question 9
If a maximum price is set below equilibrium there will be ?
Question 10
Income inequality can be high in the free market and should be reduced This is an example of What ?