Stocks & Surplus Economics Mcqs
Stocks & Surplus Economics Mcqs, this topic has 40 mcqs, It takes five to ten minutes to complete this free Stocks & Surplus Economics 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 "Stocks & Surplus Economics Mcqs" MCQs and share with your friends, brothers, sisters.
Stocks & Surplus Economics Mcqs (Total Quiz: 40)
MCQ: If a market generates a side effect or externlity then free market solutions ?
- maximize producer surplus
- are efficient
- are inefficient
- are equitable
C
MCQ: If a producer has market power (can influence the price of the product in the market) then free market solutions ?
- are equitable.
- are efficient
- maximize consumer surplus
- are inefficient
D
MCQ: If buyers are rational and there is no market failure ?
- free market solutions are efficient
- free market solutions maximize total surplus
- all of these answers
- free market solutions are equitable
- free market solutions are efficient and free market solutions maximize total surplus
E
MCQ: Adam smith’s invisible hand concept suggests that a competitive market outcome ?
- maximizes total surplus
- generates equality among the members of society
- minimizes total surplus
- both maximizes total surplus and generates equality among the members of society
A
MCQ: Suppose that the price of a new bicycle is Rs300 Natalie values a new bicycle at Rs 400 it costs Rs200 for the seller to produce the new bicycle. What is the value of total surplus if Natalie buys a new bike ?
- Rs500
- Rs300
- Rs200
- Rs400
B
MCQ: The seller’s cost of production is ?
- none of these answers.
- the minimum amount the seller is willing to accept for a good
- the seller’s producer surplus
- the maximum amount the seller is willing to accept for a good
- the seller’s consumer surplus
B
MCQ: If a benevolent social planner chooses to producer less than the equilibrium quantity of a good, then ?
- total surplus is maximized
- the value placed on the last unit production by buyers exceeds the cost of production.
- producer surplus is maximized
- the cost of production on the last unit produced exceeds the value placed on it by buyers.
- consumer surplus is maximized
B
MCQ: Producer surplus is the area ?
- below the supply curve and above the price
- below the demand curve and above the supply curve
- below the demand curve and above the price
- above the demand curve and below the price
- above the supply curve and below the price
D
MCQ: An increase in the price of a good along a stationary demand curve ?
- improves the material welfare of the buyers.
- decrease consumer surplus
- improves market efficiency.
- increase consumer surplus.
B
MCQ: A buyer’s willingness to pay is that buyer’s ?
- minimum amount they are willing to pay for a good
- producer surplus.
- consumer surplus
- maximum amount they are willing to pay for a good
- none of these answers
D