economics MCQs – Page 128

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

economics Mcqs

1. the national economy 2. profit maximizing under perfect competition and monopoly 3. application of economics 4. the aggregate demand aggregate supply model 5. surplus 6. money interest rates and output 7. average and total cost 8. stabilization adjustment reform and privatization 9. risks and diversification efficient market hypothesis 10. the phillips curve 11. supply and demand 12. capital formation investment choice information technology and technical progress 13. aggregate supply unemployment and inflation 14. elasticity 15. comparative gdp 16. roots of modern macroeconomics 17. production factors 18. poverty malnutrition and income inequality 19. trade regulations and industrial policies 20. monetary union 21. exchange rate systems and currency crises 22. economic development in historical perspective 23. exchange rate determination 24. monopoly competition 25. the balance of payments 26. inflation productivity 27. macroeconomic issues and analysis 28. employment migration and urbanization 29. macroeconomic policy tools 30. supply side policies 31. exchange rate adjustments and the balance of 32. miscellaneous 33. taxation 34. trade policies for the developing nations 35. markets efficiency and the public interest 36. the external debt and financial crises 37. budget deficits and the trade balance 38. alternative theories of the firm 39. public goods 40. the meaning and measurement of economic development 41. characteristics and institutions of developing countries 42. agriculture irrigation system of pakistan 43. education health and human capital 44. economic problems of developing countries 45. theories of economic development 46. basic of economics 47. consumer theory vs real consumers 48. applied microeconomics 49. long term economic growth 50. externality internality 51. fiscal and monetary policy 52. prices wages taxes 53. balance of payments aid and foreign investment 54. international factor movements and multinational corporations 55. entrepreneurship organization and innovation 56. the international economy and globalization 57. population and development 58. non tariff trade barriers 59. foundations of modern trade theory 60. global economic development 61. market 62. rural poverty and agricultural transformation 63. regional trading arrangements 64. foreign exchange 65. introduction to economics 66. world economy miscellaneous 67. sources of comparative advantage 68. natural resources and the environment toward sustainable development 69. monopoly 70. asymmetric information 71. income inequality 72. labour market 73. tariffs 74. development planning and policy making the state and the market 75. oligopoly 76. industrial development 77. costs supply and perfect competition 78. human capital 79. monetary fiscal and incomes policy and inflation 80. stocks

2541. G. MecDougall showed in his tests that ?
0

A. Labor productivity ratios and export ratios were not associated with each other

B. relatively higher U.S labor productivity was associated with relatively higher U.K export ratios

C. None of the above

D. relatively high U.K labor productivity was associated with relatively higher U.K export ratios

2542. The largest volume of foreign exchange trading takes place in ?
0

A. USA

B. Germany

C. United Kingdom

D. China

2543. Suppose Canada and Switzerland were the only two countries in the world There exists an excess supply of Swiss francs on the foreign exchange market This suggests that ?
0

A. the Canadian current account balance is in equilibrium

B. the Canadian current account balance is in surplus

C. the Swiss current account balance is in equilibrium

D. the Swiss current account balance is in deficit

2544. The exchange rate is kept the same across geographically separate markets by ?
0

A. government regulation

B. speculation

C. hedging

D. arbitrage

2545. If the Bank of England reduces the money supply to reduce inflation a floating exchange rate will aid the Bank of England in fighting inflation because ?
0

A. as the money supply is decreased the interest rate will increase and the price of UK exports will rise and the Price of UK imports will fall

B. as the money supply is decreased the interest rate will increase, and the price of UK exports will fall and the price of UK imports will rise

C. as the money supply is decreased the interest rate will increase and the price of UK exports and UK imports will fall.

D. as the money supply is decreased the interest rate will increase and the price of both UK exports and UK imports will rise

2546. Policies to reduce factor price distortion include?
0

A. Setting market-clearing exchange rates

B. Encouraging small-scale industry

C. #NAME?

D. Decreasing subsidies to capital investors

2547. The fall in value of one currency relative to another is ?
0

A. a floating of a currency

B. an appreciation of a currency

C. a depreciation of a currency

D. a strengthening of a currency

2548. A negative externality (that has not been internalized) causes the ?
0

A. equilibrium quantity to be either above or below the optimal quantity

B. equilibrium quantity to equal the optimal quantity

C. optimal quantity to exceed the equilibrium quantity.

D. equilibrium quantity to exceed the optimal quantity

2549. A positive externality (that has not been internalized) caused the ?
0

A. equilibrium quantity to be either above or below the optimal quantity

B. equilibrium quantity to exceed the optimal quantity

C. optimal quantity to exceed the equilibrium quantity

D. equilibrium quantity to equal the optimal quantity

2550. Suppose that a Swiss television set that costs 400 francs in Switzerland cost $200 in the United States. The exchange rate between the franc and the dollar is ?
0

A. $2 per franc

B. $3 per franc

C. 2 francs per dollar

D. 1 franc per dollar

2551. Skilled labor is relatively scarce because ?
0

A. teachers salaries are too low

B. it is costly to acquire human capital

C. too few student places in higher education

D. there are too few teachers

2552. Suppose that the United Kingdom devalues the pound if both exports and imports are written in terms of pounds then the United Kingdom balance of trade during a currency contract period ?
0

A. improves

B. falls for a while before increasing

C. worsens

D. is unaffected

2553. Roberto and Thomas live in a university hall of residence Roberto values playing loud music at a value of 100. Thomas values Pease and quiet at a value of 150. Which of the following statements is true ?
0

A. It is efficient for Roberto to stop playing loud music regardless of who has the property right to the level of sound

B. It is efficient for Roberto to stop playing loud music only if Thomas has the property right to peace and quiet

C. It is efficient for Roberto to stop playing loud music only if Roberto has the property right to play loud music

D. it is efficient for Roberto to continue to play loud music

2554. Based on Nafziger and Auvinens study high unemployment rates ?
0

A. #NAME?

B. represent a vast underutilization of human resources

C. are potential source of social unrest and political discontent

D. are associated with middle age rural uneducated males

2555. The relationship between the exchange rate and the prices of tradable goods is known as the ?
0

A. monetary theory

B. asset markets theory

C. purchasing power parity theory

D. balance of payments theory

2556. According to the principle of comparative advantage ?
0

A. Japan should export steel and DVDs

B. Japan should export steel

C. South Korea should export steel and DVDs

D. South Korea should export steel

2557. Tradable pollution permits ?
0

A. set the price of pollution.

B. determine the demand for pollution rights.

C. reduce the incentive for technological innovations to further reduce pollution.

D. Set the quantity of pollution

2558. A primary reason that explains the appreciation in the value of U.S dollar would be ?
0

A. lack of investor confidence in U.S money policy

B. high interest rates in the United States

C. high inflation rates in the United States

D. large trade surpluses for the United States

2559. Under a system of floating exchange rates the pound would depreciate in value if there occurs ?
0

A. Price inflation in the United States

B. falling interest rates in Britain

C. a decrease in the British money supply

D. an increase in U.S real income

2560. Entrepreneurship is the ?
0

A. technique to manage raw materials efficiently

B. resource coordinating other productive resources

C. blueprint on how to manage the labor force

D. residual of a production function

Previous Next

Showing 2541 to 2560 of 9118 mcqs