Applied Microeconomics Mcqs
Applied Microeconomics Mcqs, this topic has 20 mcqs, It takes five to ten minutes to complete this free Applied Microeconomics Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "Applied Microeconomics Mcqs" MCQs and share with your friends, brothers, sisters.
Applied Microeconomics Mcqs (Total Quiz: 20)
MCQ: The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of ?
- p = Z
- P = MC + Z
- p = MC
- P = MC – Z
B
MCQ: Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?
- restrict; promote
- restrict; restrict
- promote; promote
- promote; restrict
D
MCQ: In the UK, electricity industry parts are a ____ and other parts are ___ ?
- nationalized; privatized
- natural monopoly; potentially competitive
- cartel; a sellers’ market
- monopolistic competition duopoly
B
MCQ: Sales staff are keen to sell extended warranties because ?
- extended warranties offer value for money.
- the cost of repair will usually exceed the cost of the warranty
- they are paid commission on each extended warranty they sell.
- They are concerned about customer satisfaction.
C
MCQ: A conglomerate merger is a merger of ?
- firms producing the same product
- firms at various stages in production process.
- firm producing complementary products
- firms producing unrelated products.
D
MCQ: Antimonopoly laws are based on the proposition that ?
- increasing market power is the best way to achieve efficiency.
- competition is the best way to achieve efficiency.
- public ownership is the best way to achieve efficiency
- regulation is the best way to achieve efficiency.
B
MCQ: The external benefits of using cars are ____ and the external costs are _____?
- low; low
- high; high
- low; high
- high; low
C
MCQ: Between 1990 and 1999 car ownership per thousand of the population fell in ?
- Spain
- Belgium
- USA
- UK
C
MCQ: Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?
- Persuade the regulator to operate in the industry’s interests
- Persuade the regulator to act in the firms interests.
- Bribe the regulator.
- Persuade the government to change the regulatory regime.
A
MCQ: In the country X it is now becoming possible to buy electricity from a gas company and gas from an electricity company. This is called ?
- deregulation
- making markets contestable
- natural monopoly.
- cross-subsidization.
B