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2017 A/L Economics – Past Paper MCQ 11
Question: Which of the following is true in the market for a certain product, if…
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2017 A/L Economics – Past Paper MCQ 12
Question: Market demand and supply curves for a certain consumer good is represented by the…
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2017 A/L Economics – Past Paper MCQ 13
Question: [Based on standard specific tax diagram] If a specific tax (unit tax) is levied…
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2017 A/L Economics – Past Paper MCQ 14
Question: If the price elasticity of supply is less than one, this means the (1)…
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2017 A/L Economics – Past Paper MCQ 15
Question: Demand ($Q_D$) = 60 – 2P, Supply ($Q_S$) = -20 + 3P. Suppose the…
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2018 A/L Economics – Past Paper MCQ 38
Question: The principal sources of tax revenue in Sri Lanka are (1) Income Tax, Value…
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2018 A/L Economics – Past Paper MCQ 39
Question: An appropriate fiscal policy to combat a recession would be an increase of (1)…
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2018 A/L Economics – Past Paper MCQ 41
Question: A country’s terms of trade increased from the base year value of 100 to…
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2018 A/L Economics – Past Paper MCQ 42
Question: A country can have an increased surplus in its balance of trade as a…
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2018 A/L Economics – Past Paper MCQ 43
Question: Which one of the following combinations is true for Sri Lanka’s ranking in the…