economics MCQs – Page 272

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 Review each marked answer and report any item that may be outdated or unclear.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

5421. Given a two-country world, suppose Japan devalues the yen by 20 percent and west German devalues the mark by 15 percent This result is a (an)?
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A. appreciation in the value of both currencies

B. depreciation in the value of both currencies

C. appreciation in the value of the yen against the mark

D. depreciation in the value of the yen against the mark

5422. The shorter the ______ pass through period the ______ the desirable BOT effects of evaluation on quantities traded will appear ?
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A. bigger

B. smaller

C. longer

D. sooner

5423. If foreign manufacturing costs and profit margins in response to a depreciation in the U.S dollar the effect of these actions is to ?
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A. shorten the amount of time in which the depreciation leads to smaller trade surplus

B. shorten the amount of time in which the depreciation leads to smaller trade deficit

C. lengthen the amount of time in which the depreciation leads to smaller trade deficit

D. lengthen the amount of time in which the depreciation leads to smaller trade surplus

5424. The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?
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A. pass through

B. currency contract period

C. absorption

D. adjustment mechanism

5425. Suppose that the United Kingdom devalues the pound if both exports and imports are written in terms of pounds then the United Kingdom balance of trade during a currency contract period ?
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A. is unaffected

B. worsens

C. improves

D. falls for a while before increasing

5426. The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?
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A. currency contract period

B. absorption

C. adjustment mechanism

D. pass through

5427. The shift toward imperfectly competitive markets in domestic and international trade the concept of ?
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A. official exchange rates

B. complete currency pass through

C. trade adjustment assistance

D. exchange arbitrage

5428. In essence people need government because________________?
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A. they live in groups and need a degree of order

B. of their competitive nature

C. they have not reached a sufficient amount of civilization to exist without it

D. brute force is not sufficient keep them in line

5429. In order for power to be legitimate a government must have_____________?
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A. a strong army

B. a charismatic leader

C. legitimate authority

D. the ability to coerce agreement

5430. Durkheim,s analysis suggests that so-called primitive people__________________?
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A. invented the concept of gods

B. though they were gods

C. saw themselves as clans of animals

D. projected their human ideals and personified them as gods

5431. The first years of marriage_____________?
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A. all of the above

B. offer the most satisfaction

C. require the most adjustment

D. are the most difficult

5432. Religious beliefs are often contained in_______________?
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A. all of the above

B. creeds

C. articles of faith

D. doctrines

5433. Which perspective assumes that the state speaks with one voice and has one policy ?
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A. globalism

B. pluralism

C. realism

D. all of the above

5434. My country right or wrong is an example of_______________?
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A. a reasoned approach to detente

B. nationalism

C. an internationalist world view

D. legal-rational thinking

5435. The majority of the human population lives in________________?
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A. Africa

B. New York

C. Pacific Islands

D. Eurasia

5436. The urban crisis________________?
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A. is well on the way to being resolved

B. has been reduced by urban renewal

C. has been intensified by gentrification

D. is intensified by the move of the middle class to the suburbs

5437. Conditions associated with long-term marriages include_________________?
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A. all of the above

B. a womens family income

C. whether the women came from an intact family

D. a womens age at marriage

5438. An ecological city is___________________?
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A. the central city suburbs and satellites

B. one with a recycling enter

C. where urban planning originates

D. one containing a clean water supply for the area

5439. Antarctica is occupied by several nations together because no one nations has________________?
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A. interest in its resources

B. the power to take it over

C. the desire to rule it

D. sovereignty over it

5440. From the point of view of Catholicism Protestantism began as a(n)________________?
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A. charismatic movement

B. cult

C. fundamentalist movement sect

D. ecclesia

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