economics MCQs – Page 163

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 Review each marked answer and report any item that may be outdated or unclear.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
3241. The largest fishing catching ground in the world is ?
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A. East China Sea

B. Mediterranean sea

C. Arabia Sea

D. North West Pacific Ocean
3242. During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?
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A. fluctuates

B. fall

C. not changes

D. rise
3243. The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?
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A. a downward sloping

B. a horizontal (or almost horizontal)

C. an upward sloping

D. a vertical (or almost vertical)
3244. The leading producer of sulphur is ?
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A. Spain

B. Canada

C. USA

D. Italy
3245. Which is not a type of mushroom ?
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A. Cremini

B. Oyster

C. Moral

D. Bugouy
3246. Which of the following crops needs maximum water per hectare ?
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A. Maize

B. None of these

C. Barley

D. Sugarcane
3247. What was the third chicken producing country ?
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A. China

B. Brazil

C. Indonesia

D. United States

3248. Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ?
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A. lack of modern agricultural technology

B. demand of world markets for such crops

C. inadequate supply of water and other natural resources

D. peasant ownership of most farmlands

3249. The costs of inflation are ?
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A. uncertainly

B. all of the above

C. shoe leather costs

D. income redistribution

E. menu costs

3250. Higher summer temperature stiff soil capable of supporting heavy weight of plant is essential for ?
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A. Jute

B. Rice

C. None of these

D. Rubber

3251. When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?
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A. changes in export demand due to the state of the world economy

B. business confidence

C. Shifts in aggregate supply

D. business expectations

3252. Expansionary fiscal policy in the classical model will cause aggregate demand to _______ potential output?
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A. fall below

B. fluctuate around

C. exceeds

D. remain equal to
3253. Which of the following is the largest producer of cooper ?
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A. Malaysia

B. Australia

C. Chile

D. Ghana

3254. If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?
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A. voluntary unemployment

B. classical unemployment

C. Frictional unemployment

D. voluntary unemployment
3255. A study of Japans economy since World War II would lead to the conclusion that ?
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A. imperialism is necessary from the economic development of a nation

B. A the feudal system is more economically productive than the market system

C. a communist system leads to economic prosperity

D. A government support of technological advances can improve a nations
3256. Which of the following iron has got the highest carbon content ?
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A. Mild Steel

B. Cast Iron

C. Stainless Steel

D. Wrought Iron

3257. Continent of South America covers ___ of the total land of earth ?
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A. 10.80%

B. 11.8%

C. 15.40%

D. 15.80%

3258. Which country leads in production of barley among the following ?
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A. USA

B. Canada

C. India

D. China

3259. Which of the following countries leads the world in the export of oil ?
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A. Iraq

B. Iran

C. Saudi Arabia

D. Venezuela

3260. The impact of industrialization in India is most conspicuously reflected in ?
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A. crimes

B. inter-caste marriage

C. widow marriage

D. the increasing rate of growth in urban population