economics MCQs – Page 229

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 Review each marked answer and report any item that may be outdated or unclear.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

4561. In developing nations cities are growing along with rural areas because_______________?
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A. cultural values encourage large families

B. all of the above

C. of lower death rates

D. of high birth rates

4562. Religious beliefs are often contained in_______________?
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A. creeds

B. doctrines

C. articles of faith

D. all of the above

4563. Retirements negative effects are felt most strongly by_____________?
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A. middle-class men and lower-class women

B. none of the above

C. upper-class men and service workers

D. women in general and lower-class workers

4564. Publics and public opinion________________?
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A. are more frequent in totalitarian societies than in democratic ones

B. are more characteristic of complex societies than of simple ones

C. express the values of leaders of society

D. have special meanings in traditional societies where conflicting issues are common

4565. The experience of loss or impending loss of a person to whom one is close is called______________?
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A. bequeath Ent

B. displacement

C. disengagement

D. bereavement

4566. As of 2005 what proportion of women were in managerial professional and administrative positions ?
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A. 4%

B. 50%

C. 12%

D. 20%

4567. Latent functions of government include_______________?
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A. the rise of administrative elites

B. health care

C. war

D. public education

4568. The Micropolitan Statistical Area consists of_______________?
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A. one city of at least 50,000 population

B. a region of the country

C. one urban cluster of at lest 10,000 but less than 50.000 population

D. one city of at least 1 million population

4569. Which of the following nations can be trusted NOT to explode atomic bombs on the surface of the earth ?
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A. none of these

B. France

C. Russia

D. China

4570. A linear consumption function with a positive slope less than one means that if income increases consumption will ?
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A. not change

B. increase

C. fall

D. fluctuate

4571. The key issues of macroeconomics are ?
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A. All of the above

B. inflation

C. unemployment

D. economic growth

4572. It has become conventional classify a recession as a period where national output falls for _________ or more?
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A. a year

B. two years

C. three years

D. six months

4573. Real GDP is nominal GDP measured in constant ?
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A. interest rates

B. prices

C. exchange rates

D. taxes

4574. If the government increases spending and raises taxes by just enough to finance this increase it will ?
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A. increase the MPC

B. reduce output

C. increase output

D. leave output unchanged

4575. Nominal GNP measures income ?
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A. corrected for changes in interest rates

B. At current prices

C. At the present time

D. corrected for tax changes

4576. Leakages from the circular flow are _________ and __________?
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A. investment, savings, government expenditure

B. consumption investment government expenditure

C. consumption taxes imports

D. savings, taxes net of subsidies imports

4577. Macroeconomics is the branch of economics that deals with ?
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A. imperfectly competitive markets:

B. Only the long run adjustments to equilibrium in the economy

C. The functioning of individual industries and the behavior of individual decision-making units business firms and households

D. the economy as a whole

4578. In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?
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A. personal saving and personal consumption

B. personal consumption and private investment

C. None of the above

D. personal saving and private investment

4579. Total withdrawals from the circular flow of income include ?
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A. savings government expenditure and imports

B. consumption savings and taxes

C. savings taxes and imports

D. savings taxes and exports

4580. Aggregate demand without a foreign sector is the sum of ?
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A. C + 1

B. I + G

C. C + 1 + G

D. C + G

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