economics MCQs – Page 245

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 Review each marked answer and report any item that may be outdated or unclear.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

4881. Which of the following would increase aggregate demand ?
0

A. Increased saving

B. Increasing import spending

C. Increased taxation revenue

D. increased investment

4882. The price decrease from Rs 2,000 to Rs 1,800 Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?
0

A. Income elasticity is + 2

B. The good is inferior

C. The price elasticity of demand is -2

D. Income elasticity is + 0.5

4883. if demand is price inelastic ?
0

A. An increase in price must raise profits

B. A decrease in price reduces sales

C. An increase in price decrease revenue

D. An increase in price increase revenue

4884. If the cross-price elasticity of demand between two goods is negative, then the two goods are ?
0

A. Substitutes.

B. Complements

C. unrelated goods

D. normal goods

4885. Improved training of employees would ?
0

A. Shift aggregate demand to the right

B. Shift aggregate supply to the right

C. shift aggregate demand to the left

D. Shift aggregate supply to the left

4886. The Setrite Corporation produce chairs. An economist working for the firm predicts that if peoples incomes rise next year, then the demand for our chairs will for our chairs will increase ceteris paribus The accuracy of the economists prediction depends on whether the chairs Setrite Produce ?
0

A. are normal goods

B. have many complementary goods.

C. have few complementary goods.

D. have few substitutes.

4887. If the cross elasticity of demand is -2 ?
0

A. The products are complements and demand is cross price inelastic

B. The products are complements and demand is cross price elastic

C. The products are substitutes and demand is cross price elastic

D. The products are substitutes and demand is cross price inelastic

4888. Firms are assumed to ________ costs and to ________ profits?
0

A. charge earns

B. incur, desire

C. minimize, maximize

D. pay, make

4889. If both marginal cost and marginal revenue increase, a firm ?
0

A. Should increase output

B. Should reduce output

C. Should not change output

D. will require further information on how to respond

4890. Inferior goods have _________ and luxury goods have _________?
0

A. income elasticity greater than 1, negative income elasticities

B. negative income elasticity income elasticity greater than 1

C. Positive income elasticities, negative income elasticities

D. None of the above

4891. Aggregate demand will increase if ?
0

A. consumption falls

B. imports fall

C. investment falls

D. Exports fall

4892. Which of the following would decease aggregate demand ?
0

A. increasing export revenue

B. increased taxation revenue

C. increase consumption

D. increased investment

4893. If a 4% increase in price leads to a increase in the quantity supplied of 8% ?
0

A. Price elasticity of supply is -2

B. Supply is income elastic

C. Price elasticity of demand is -2

D. Supply is price elastic

4894. Increased level consumption ?
0

A. shift aggregate demand to the left

B. shift aggregate supply to the right

C. shift aggregate demand to the right

D. shift aggregate supply to the left

4895. Increased levels of spending on imports ?
0

A. shift aggregate supply to the right

B. shift aggregate demand to the right

C. shift aggregate supply to the left

D. shift aggregate demand to the left

4896. The opportunity cost of a student is____________?
0

A. Course fees and rent

B. What the student could have earned in the best job available by not studying

C. What the student will earn after graduation

D. A loan from the bank

4897. A firm that makes profit in addition to normal profit is making ?
0

A. Normal profit

B. Economic profit

C. supernormal profit

D. Accounting profit

4898. When excess demand occurs in an unregulated market, there is a tendency for ?
0

A. quantity supplied to decrease.

B. price to rise

C. quantity demanded to increase

D. price to fall

4899. When the decrease in the price of one good causes the demand for another good to decrease, the goods are_________?
0

A. substitutes

B. complements

C. nromal

D. inferior

4900. When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as ?
0

A. price fixing

B. Quantity setting

C. quantity adjustment.

D. price rationing

Previous Next

Showing 4881 to 4900 of 9118 mcqs