economics MCQs – Page 146

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 Review each marked answer and report any item that may be outdated or unclear.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

2901. Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?
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A. disagree because they have different values.

B. disagree because they have different scientific judgments.

C. really dont disagree at all It just appears that they disagree.

D. none of these answers.

2902. How much is contributed by agriculture to GNP of the country ?
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A. 15%

B. 20.9%

C. 40%

D. 35%

2903. Pakistan is the _____largest Onion Producer country in the world ?
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A. Sixth

B. Fifth

C. Fourth

D. Eight

2904. Which of the following will not shift a countrys production possibilities frontier outward ?
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A. an increase in the labor force

B. an increase in the capital stock

C. an advance in technology

D. a reduction in unemployment

2905. Total population of livestock in Pakistan is ?
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A. 122.6 million

B. 120 million

C. 130.5 million

D. 120.5 million

2906. Which of the following is most likely to produce scientific evidence about a theory ?
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A. A radio talk show host collecting data from listeners on how capital markets respond to taxation

B. An economist employed by the Trades union congress doing research on the impact of trade policy on workers wages

C. An economist permanently employed at a leading university analyzing the impact of bank regulations on lending to small businesses

D. A lawyer employed by Renault addressing the impact of air bags on passenger safety.

2907. The share of sugarcane crop in value added in agriculture is 6.3 percent What is the share in GDP ?
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A. 5.10%

B. 4%

C. 1.5%

D. 6%

2908. Which province of Pakistan is the largest Edible oils producing province ?
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A. Punjab

B. KPK

C. Baluchistan

D. Sindh

2909. When marginal costs are below average total costs ?
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A. average total cost is minimized

B. average total cost is falling

C. average total cost is raising

D. average fixed cost is rising

2910. How many reclamation schemes has been completed by the government?
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A. 80

B. 50

C. 60

D. 65

2911. What yield of cotton crop is recorded in Pakistan ?
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A. 641 kgs/hec

B. 570 kgs/hec

C. 645 kgs/hec

D. 621 kgs/hec

2912. Kinds of forest in Pakistan are coniferous forest, irrigated plantation riverain forests and ?
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A. private plantations

B. All of these

C. Mangrove forest

D. Scrub forests

2913. Agriculture employs about ____ of the total labor-force?
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A. 55%

B. 15%

C. 35%

D. 45%

2914. Higher summer temperature, stiff soil capable of supporting heavy weight of plant is essential for ?
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A. Rubber

B. Rice

C. None of these

D. Jute

2915. Pakistan is the _____largest Wheat Producer country in the world ?
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A. Fifth

B. Sixth

C. Seventh

D. Eight

2916. Identify below those who are not stakeholders in a company ?
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A. None of the above

B. Owners

C. Customers

D. Employees

2917. Which one of the following is the largest sector of Pakistans economy ?
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A. Agriculture

B. Manufacturing

C. Banking

D. Industry

2918. Which of the following is not a factor of production ?
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A. capital

B. land

C. labor

D. money

2919. Some economists and third-world policy makers criticize MNCs arguing that they have a negative effect on the developing country because they ?
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A. Restrict subsidiary exports when they undercut the market of the parent company

B. increasing the LDCs technological dependence on foreign sources resulting in less technological innovation by local workers

C. Hamper local entrepreneurship and investment in infant industries

D. #NAME?

2920. The equilibrium inflation rate is determined by the intersection of _____ and _____?
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A. Labor demand, labor supply

B. IS, LM

C. demand, supply

D. AD, AS

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