Economics Mcqs — Test 52
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Question 1
Private goods are ?
Question 2
An example of public good is ?
Question 3
If one person’s enjoyment of the benefits of a good does not interfere with another’s consumption of it, the good is said to be ?
Question 4
If a large number of individuals are affected by an external benefit, private bargaining will not work because of ?
Question 5
A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?
Question 6
According to supply-side economists if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?
Question 7
According to the Laffer curve as tax rates increase tax revenue ?
Question 8
New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?
Question 9
The PFI aims to deliver public projects and services using ?
Question 10
A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ?