economics MCQs – Page 152

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 Review each marked answer and report any item that may be outdated or unclear.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 economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
3021. An unspoken agreement between workers and firms that the firm will not cut wages is known as ?
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A. employment at will

B. an explicit contract

C. an implicit or social contract

D. a relative-wage contract

3022. Barro and Lee find that ceteris paribus, IMF lending has ?
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A. an exponentially negative effect on growth ten years

B. negative effect on economic growth during the simultaneous five-year period but has a significantly positive effect on growth in the subsequent five years

C. no effect on economic growth during the simultaneous five-year period but has a significantly negative effect on growth in the subsequent five years

D. a significantly positive effect on growth in the subsequent five years

3023. A merger between a paper producer and a book publisher is an example of?
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A. a horizontal merger

B. a vertical merger

C. a conglomerate merger.

D. a complementary products merger.

3024. Supporters of antimonopoly enforcement argue that the real gain from such enforcement ?
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A. is that if encourages firms to engage in research which leads to new products

B. is that it forces firms to produce efficiently.

C. Is that this policy serves to deter firms from engaging in such practices as collusion, price-fixing and deceptive advertising

D. is the revenue generated from the fines paid by those individuals who are found guilty of antitrust violation?

3025. A merger in which firms at various stages in a production process combine is a ?
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A. vertical merger

B. horizontal merger

C. conglomerate merger.

D. production merger

3027. Nara Canal is located in the Province of _______?
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A. None of these

B. Punjab

C. Sindh

D. Baluchistan

3028. Accounting profit is equal to total revenue minus ?
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A. the sum of implicit and explicit costs.

B. explicit costs.

C. implicit costs

D. variable costs

E. marginal costs

3029. The IMF is an agency charged with providing ?
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A. loans for post-World War II reconstruction

B. bonds denominated in U.S dollars as a loan to LDCs

C. short-term credit for international balance of payments deficits

D. technical assistance to stock market and financial market problems

3030. The U.S real food aid, as well as food reserves dropped from the 1960s to the 1980s partly because ?
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A. proponents of basic-needs attainment opposed food-aid

B. U.S farm interests wanted to reduce surplus grain stocks

C. agricultural production suffered excessively due to weather changes

D. the transportation and storage cost increased tremendously

3031. The Indus Water Treaty was mediated by ?
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A. IMF

B. USA

C. Britain

D. World Bank
3032. A sale maximizing firm will produce where ?
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A. sales revenue is maximized

B. quantity sold is maximized

C. AR minus AC is maximized

D. MC = MR

3036. Use of Borom and Zink can improve ?
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A. sunflower yield

B. rice yield

C. cotton yield

D. sugar yield

3037. If a production function exhibits diminishing marginal product. its slope ?
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A. is linear (a straight line)

B. becomes flatter as the quantity of the input increase

C. could be any of these answers

D. becomes steeper as the quantity of the input increase

3039. For Harvards Dani Rodrik Globalization involves ?
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A. changes of a traditional culture of a country to a western culture

B. decreasing autonomy of the nation-state involves

C. giving aid to poor countries to improve their economy politics and social status

D. the increasing international integration of markets for goods services and capital