(A) Adam Smith
(B) John Keynes
(C) Friedrich Hayek
(D) Milton Friedman
The answer is: (B) John Keynes
Economics MCQs quiz test questions with answers. Basic economics, microeconomics, macroeconomics, managerial economics and world economy multiple choice questions and answers.
(A) Adam Smith
(B) John Keynes
(C) Friedrich Hayek
(D) Milton Friedman
The answer is: (B) John Keynes
(A) must be kept constant
(B) must also be analyzed
(C) must not be taken into consideration
(D) none of these
The answer is: (A) must be kept constant
(A) Microeconomics
(B) Macroeconomics
(C) Econometrics
(D) Keynesian Economics
The answer is: (B) Macroeconomics
(A) Microeconomics
(B) Macroeconomics
(C) Econometrics
(D) Keynesian Economics
The answer is: (C) Econometrics
(A) Microeconomics
(B) Macroeconomics
(C) Econometrics
(D) Bayesian Economics
The answer is: (A) Microeconomics
(A) supply is increased
(B) demand is increased
(C) someone else is improved
(D) someone else is made worse off
The answer is: (D) someone else is made worse off
(A) Primitive trade
(B) Barter
(C) Non market trade
The answer is: (B) Barter
(A) The law of diminishing returns to scale holds
(B) The law of constant returns to scale holds
(C) The law of increasing returns to scale holds
The answer is: (B) The law of constant returns to scale holds
(A) company trade-off
(B) company dilemma
(C) owner-manager problem
(D) principal-agent problem
The answer is: (D) principal-agent problem
(A) Trade among three countries
(B) Importing duty-free goods only
(C) Re-importing goods previously exported
(D) Re-exporting goods previously imported
The answer is: (D) Re-exporting goods previously imported