economics MCQs – Page 133

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 Review each marked answer and report any item that may be outdated or unclear.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

2641. A competitive firm demand curve is ?
0

A. vertical

B. Horizontal

C. downward sloping

D. elastic

2642. Under Soviet-type economy-wide central planning ?
0

A. resources owned by private entities moves to efficient use but not those owned publicly

B. resources are free to move to their lowest cost uses

C. most resource lack freedom to move to their highest value uses

D. resources are privately owned by capitalists

2643. Planning in many LDCs has failed because detailed programs for the public sector have not been worked out and ?
0

A. monopolies dominate in the agricultural sector

B. the brain drains cost government substantially

C. governments depend primarily on their colonial masters

D. excessive controls are used in the private sector

2644. In Porters five force model conditions are more favorable for firms within an industry if ?
0

A. Buyer power is high

B. Entry threat is low

C. Supplier power is high

D. Substitute threat is high

2645. Which of the following statements is not true with regard to the standard properties of indifference curves ?
0

A. Higher indifference curve is preferred to lower ones

B. Indifference curves are downward sloping

C. indifference curves are bowed outward

D. Indifference curves do not cross each other

2646. Lack of absorptive capacity in developing countries results from ?
0

A. inadequate government bureaucracy

B. All of the above are correct

C. small size of infrastructure

D. unsuitable technology

E. too few innovative entrepreneurs

2647. 85% of the worlds population lives in developing countries and receives about _____ of the worlds income?
0

A. 30%

B. 40%

C. 20%

D. 10%

2648. Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?
0

A. decreasing returns to scale

B. an inefficient production technique

C. constant returns to scale

D. The law of diminishing returns

2649. If a supply curve for a good is price elastic then ?
0

A. the quantity supplied is sensitive to changes in the price of that good

B. None of these

C. That quantity demanded is insensitive to changes in the price of that good

D. the quantity demanded is sensitive to changes in the price of that good

E. the quantity supplied is incentive to changes in the price of that good

2650. Which of the following is True is LDCs ?
0

A. Labor is often underemployed, having a low alternative cost

B. Labor is usually considered the scarce factor

C. It is cheaper to hire labor in LDC because its productivity is relatively higher than in DCs

D. Adapting existing Western technology to LDC conditions requires little creativity

2651. Which of the following is not a nature public monopoly ?
0

A. electricity

B. water supply

C. mobile phone

D. postal service

2652. Capital flight ?
0

A. increases a countrys net exports and increases its long-run growth path

B. decreases a countrys net exports and increases its long-run growth path

C. increases a countrys net exports and decreases its long-run growth path

D. decreases a countrys net exports and decreases its long-run growth path

2653. An example of external diseconomies is ?
0

A. scholarship for technical education

B. R&D in robotics

C. a new drug to cure AIDS

D. environmental pollution

2654. If Toyota builds a new plant in the north of England ?
0

A. Once the plant starts producing cars UK GDP will rise less than UK GNP

B. once the plant starts producing cars UK GDP will rise more than UK GNP

C. None of these answers

D. There has been an increase in foreign portfolio investment in the UK

2655. Which of the following is not true ?
0

A. Life expectancy is probably the best single indicator of national health levels

B. There are growing inequalities in investment in health worldwide

C. Life expectancy in Africa increased steadily from 1994 to 2003 due to better health care

D. Development generally improves the health system while better health increases productivity social cohesion, and economic welfare

2656. indifference curves for perfect substitutes are ?
0

A. right angles

B. straight lines

C. bowed inward

D. nonexistent

E. bowed outward

2657. How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?
0

A. declined

B. cannot be determined

C. remained the same

D. increased

2658. According to Lewiss model the dual economy grows only when ?
0

A. the modern sector increases its output share relative to the traditional sector

B. modern manufacturing sector is labor intensive

C. agricultural sector uses modern equipment

D. agricultural sector hires labor economically

2659. The limit on the consumption bundles that a consumer can afford is known as ?
0

A. the budget constraint

B. an indifference curve

C. the consumption limits

D. the marginal rate of substitution

2660. Thomas Malthus argued that ?
0

A. an ever-increasing population is constrained only by the food supply resulting in chronic faminies

B. technological progress will continuously generate improvement in productivity and living standards.

C. none of these answers

D. labor is the only true factor of production

Previous Next

Showing 2641 to 2660 of 9118 mcqs