Several factors are important for achieving faster economic growth. Which of the following is one of those factors?
A) expansion of international trade
B) increased government expenditure
C) increased taxes on saving
D) promotion of consumption expenditure
A
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Price discrimination by a monopolist is less effective if the
A) good can be resold. B) good has no substitutes. C) monopolist can identify buyers by willingness to pay. D) good cannot be resold.
Monetarists argue that government deficits financed by monetary expansion cause(s)
A) velocity to increase. B) aggregate demand to increase. C) aggregate demand to decrease. D) no change in aggregate demand or aggregate supply.
If your income goes up by 2% and, in response, the quantity demanded of good x falls by 3%, the good x can be considered
a. An inferior good b. A normal good c. A public good d. A private good
The supply of workers in a particular occupation could be relatively small if:
A. training costs are high. B. job features are undesirable. C. there are few people with the required skills. D. All of these are correct.