economics MCQs – Page 156

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 Review each marked answer and report any item that may be outdated or unclear.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

3101. The relative-wage explanation for the existence of downwardly sticky wages emphasizes ?
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A. unspoken agreements between workers and firms that firms will not cut wages

B. the contention that workers in one industry may be unwilling to accept a wage cut unless they know that workers in other industries are receiving similar cuts

C. the incentive that firms may have to hold wages above the market clearing rate

D. employment contracts that stipulate workers wages usually for a period of one to three years

3102. Groundnut crop is the monopoly of ?
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A. Pakistan

B. Indonesia

C. Bangladesh

D. India

3103. In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?
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A. fluctuates

B. fall

C. remain the same

D. increase

3104. Which of the following practices of cultivation can be referred to as crop rotation ?
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A. Different crops in the same season

B. Different crops in different seasons

C. None of the above

D. The same crop in different seasons

3105. Brassica is the Latin name for what spice ?
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A. Mustard

B. Sald

C. Basil

D. Pepper

3106. The relative deprivation approach attempts to______________?
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A. determine the privileges of the rich

B. measure poverty of those below the poverty line

C. assess the deprivation of section of population as compared to the others

D. assess the minimum food Requirements

3107. The largest producer of fertilizer in the world is ?
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A. Japan

B. China

C. Russia

D. USA

3108. Which type of forest covers the highest percentage of forest area in the world ?
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A. Temperate Deciduous forests

B. Tropical Monsoon forests

C. Temperate Coniferous forests

D. Tropical Rain forests

3109. Potential GDP is the level of aggregate output ?
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A. that can be sustained in the long run without inflation

B. that can be sustained in the long run, if the inflation rate is zero

C. that can be produced at a zero-unemployment rate

D. that can be produced if structural unemployment is zero

3110. What is known as ground black-cherry pits in the Middle East ?
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A. Falafal

B. Bangna Cauda

C. Baba Ghanoush

D. Mahlab

3111. The quantity theory of money says that changes in ____lead to equivalent changes in ____ but have no effect on ______?
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A. prices, wages, output and employment

B. output prices, employment

C. nominal money output prices

D. nominal money, the price level, output and employment

3112. When you add a tomato product to a Hollandaise Sauce it is called ?
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A. Choron

B. Maltese

C. Mornay

D. Bearnaise

3113. India is the worlds largest producer of ?
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A. Coal

B. Copper

C. Iron ore

D. Mica

3114. Which factor contributes most to the recurring food shortages in Africa ?
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A. location between two major oceans

B. extensive river systems

C. rainforest environment

D. Poor distribution of agricultural products

3115. Which is the most important crop of the Nile delta ?
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A. Cotton

B. None of these

C. Sugarcane

D. Maize

3116. All the following are types of monetary policy expect ?
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A. a balanced budget

B. a nominal money stock target

C. The pursuit of a target real interest rate

D. an inflation target

3117. What kind of soil is treated with gypsum to make it suitable for cropping ?
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A. Acidic

B. None of these

C. Waterlogged

D. Alkaline

3118. What is the third cattle producing country ?
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A. China

B. India

C. Argentina

D. United States

3119. In recent years, which factor has been major reason for the economic tensions between the United States and China ?
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A. Chinas trade deficit with the United States was very high

B. The United States imported more from China than it exported to China

C. The United States refused to place quotas on Chinese goods

D. China lowered tariffs on goods imported from the United States

3120. A comparison of Japans policies before 1945 with the policies in effect after 1945 indicates that______________?
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A. dependence on foreign trade usually leads to a weakened national economy

B. territorial aggression is not necessary to secure national economic goals

C. reduction in spending on military goods leads to economic depression

D. democratic institution hinder economic growth

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