Questions and answers for exam Preparation

MCQs

Total Questions : 230 | Page 23 of 23 pages

Question 221. De-regulation is where the government ?

removes barriers to entry
imposes higher standards of conduct
removes barriers to entry and minimum product quality standards
breaks up private sector monopolies.

Discuss Question

Answer: Option C. -> removes barriers to entry and minimum product quality standards
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 222. A firm charging different buyers’ different prices for the same product is practicing ?

Competitive pricing.
Price discrimination
price discounting.
price fixing.

Discuss Question

Answer: Option B. -> Price discrimination
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 223. Privatization is the transfer of ?

corporately owned businesses to individuals
publicly held stock to private individuals.
government businesses to the private sector
privately owned businesses to the government sector

Discuss Question

Answer: Option C. -> government businesses to the private sector
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 224. A merger in which firms at various stages in a production process combine is a ?

production merger
vertical merger
conglomerate merger.
horizontal merger

Discuss Question

Answer: Option B. -> vertical merger
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 225. Evidence suggests that the price elasticity of demand for motoring is ?

absolutely inelastic
Unitarily elastic
Elastic
inelastic

Discuss Question

Answer: Option B. -> Unitarily elastic
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 226. Spending on motoring as a % of household expenditure in the UK shows that motoring is ?

Environmentally damaging
an inferior good
a potential public good
a superior good

Discuss Question

Answer: Option D. -> a superior good
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 227. A horizontal merger is a merger of?

firms producing unrelated products
firms producing complementary products
firms at various stages in a production process.
firms producing the same product

Discuss Question

Answer: Option D. -> firms producing the same product
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 228. Supporters of antimonopoly enforcement argue that the real gain from such enforcement ?

is that if encourages firms to engage in research which leads to new products
is the revenue generated from the fines paid by those individuals who are found guilty of antitrust violation?
Is that this policy serves to deter firms from engaging in such practices as collusion, price-fixing and deceptive advertising
is that it forces firms to produce efficiently.

Discuss Question

Answer: Option C. -> Is that this policy serves to deter firms from engaging in such practices as collusion, price-fixing and deceptive advertising
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 229. A merger between a paper producer and a book publisher is an example of?

a conglomerate merger.
a horizontal merger
a complementary products merger.
a vertical merger

Discuss Question

Answer: Option D. -> a vertical merger
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 230. Which city has the following transport policy ?

Car licenses are very expensive vehicle entry to the city center is very restricted road pricing is being introduced and modern cheap rail transport i
London
Athens
Singapore
New York

Discuss Question

Answer: Option D. -> Singapore
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!