economics MCQs – Page 18

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 Review each marked answer and report any item that may be outdated or unclear.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

341. Term the minimum income level below which a person is considered to be living in poverty ?
0

A. Poverty level

B. Poverty line

C. Both of them

D. None of them

342. Referring to the above, the embargo was mainly resisted by ?
0

A. Grain Producers in foreign countries

B. Grain consumers in foreign countries

C. U.S farmers and grains companies

D. U.S grains consumers and producers of bread

343. _________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?
0

A. export-led growth

B. comparative advantage

C. absolute advantage

D. import substitution

344. What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?
0

A. Bonus

B. Goodwill

C. Upgradation

D. Up level

345. Who is called Father of Economics ?
0

A. Adam smith

B. David Ricardo

C. David smith

D. Adam Ricardo

346. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the worlds producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?
0

A. relatively large; easier

B. relatively small; more difficult

C. relatively large; more difficult

D. relatively small; easier

347. One criticism of Rostows theory of economic growth is that ?
0

A. much available data contradicts his thesis about the takeoff stage

B. his hypothesis of the stages of growth is difficult to test empirically

C. All of the above are correct

D. there is no explanation of why growth occurs after takeoff

348. What would reduce the role of central planning in a economy ?
0

A. Increasing government spending

B. Removing the profit motive

C. Increasing the role of markets

D. Increasing public ownership of firms

349. The institutional framework developed in 1947 to promote trade liberalization is known sa?
0

A. the IMF

B. the World Bank

C. the GATT

D. the WTO

350. The World Trade Organization is sometimes criticized for all of the following reasons except?
0

A. it is a puppet of multinational corporations

B. it reduces the sovereignty of member countries

C. favors free trade over the quality of the environment

D. it has no way to solve trade disputes among member countries

351. What is called that market in which supply overwhelms demand ?
0

A. Weak market

B. Bearish market

C. Deflated market

D. Depressed market

352. Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
0

A. 6 million barrels per day, $60, $60 million

B. 8 million barrels per day, $40, $20 million

C. 4 million barrels per day, $80, $160 million

D. 2 million barrels per day, $100, $60 million

353. What is Euro ?
0

A. Deposit outside ones home country but in the home country currency

B. European currency unit, introduced on Jan, 1 1999

C. Both of them

D. None of them

354. A budgetary deficit means ?
0

A. Capital expenditure is more than capital revenue

B. Total expenditure is more than total revenue

C. Total expenditure is more than current revenue

D. Current expenditure is more than current revenue

355. Governmental non-interference in commerce is called ?
0

A. Open market economy

B. Free market economy

C. Laissez faire also Laisser faire

D. Liberal market economy

356. A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?
0

A. Multinational corporation

B. Multinational company

C. Both of them

D. None of them

357. Which money is called Hot money ?
0

A. That moves across country borders in response to interest rate differences

B. That moves away when the interest rate differential

C. Both of them

D. None of them

358. What is called the market in which forces of demand and supply are not in the control of government ?
0

A. Market Economy

B. Free Market

C. Both of them

D. None of them

359. What is called the difference in the value of a nations imports over exports or exports over imports ?
0

A. Trade deficit

B. Trade simples

C. Both a & b

D. Not a nor b

360. Among the institutions and policies that have been created to support developing countries are?
0

A. The Generalized System of Preferences

B. All of the above

C. the international Monetary Fund

D. the world Bank

Previous Next

Showing 341 to 360 of 9118 mcqs