Economics Mcqs — Test 62
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Question 1
In a recession a government ?
Question 2
In a recession ?
Question 3
Gross National Product equals ?
Question 4
Many environmental resources are public goods, which are characterized by ?
Question 5
The green house effect is the phenomenon by which ?
Question 6
The Club of Rome Study, The Limits to Growth suggests that as natural resources diminish ?
Question 7
Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?
Question 8
Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?
Question 9
According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?
Question 10
The Genuine Progress indicator is ?