economics MCQs – Page 29

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 Review each marked answer and report any item that may be outdated or unclear.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

561. Which of the following organizations primarily provides long-term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads ?
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A. International Monetary Fund

B. Council on Foreign Relations

C. Organization of petroleum Exporting Countries

D. World Bank

562. What is referred by the hard currency ?
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A. Any currency backed by gold or silver bullion rather than credit

B. Stable currency value of which does not fluctuate greatly

C. Both of them

D. None of them

563. When the stock market is rising it is ?
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A. Bullish

B. Rising up

C. Hottest

D. Bearish

564. Gross National income is always more than Net National income because it includes ?
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A. Indirect taxes

B. Foreign income

C. Direct taxes

D. Capital consumption allowance

565. Depression is a drastic decline in a national of international economy Its characteristic is ?
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A. Decreasing business activity

B. All of these

C. Falling prices

D. Unemployment

566. Total number of adults currently employed or actively seeking work in all economic sectors is known as ?
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A. Labor potential

B. All of them

C. Work force

D. Labor force

567. Two countries can gain from foreign trade if ?
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A. Cost ratios are different

B. Tariff rates are different

C. Price ratios are different

D. A and C of above

568. Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?
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A. Financial assistance given by one person or government to another

B. Financial assistance given to aged people

C. Financial assistance given to poor people

D. Financial assistance given to small companies

569. Gross Domestic Product (GDP) is__________________?
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A. Value of all economic activity with in a nations border

B. Economic activities of federal government

C. None of these

D. Economics output of a country

570. The result of antidumping tariffs is to ?
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A. impose a price ceiling on foreign price in the importing country

B. impose a price floor on foreign prices in the importing country

C. decrease producer surplus in the importing country

D. increase consumer surplus in the importing country

571. Developing countries that emphasize the production of raw materials or agricultural goods may realize a long-run deterioration in the international terms of trade because of ?
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A. declines in the supplies of these products on world markets

B. sluggish demand for these products in advanced countries

C. relatively low import tariffs maintained by advanced countries

D. highly elastic demand for these products in advanced countries

572. With whom would you associate the following quote The business of business is business ?
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A. Milton Friedman

B. Adam smith

C. Karl Marx

D. Alfred Marshal

573. Term the authorization whether written or electronic, that shareholders votes may be cast by others ?
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A. Proxy vote

B. Absentia vote

C. Casting vote

D. Remote vote

574. Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?
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A. import substitution

B. export promotion

C. multilateral contract

D. commercial dumping

575. What would cause a countrys exchange rate to fall ?
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A. An increased inflow of capital

B. Increased demand for its imports

C. None of the above

D. An increases demand for its exports

576. Concerning dumping, which of the following is true ?
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A. U.S firms can obtain protection from foreign dumping, even though this protection tends to harm overall U.S welfare

B. dumping can never be a profit-maximizing strategy for U.S firms to pursue

C. U.S firms rarely if ever, engage in distress dumping or persistent dumping

D. predatory dumping represents the most common form of dumping by U.S firms

577. Which is most likely to cause a more even distribution of income ?
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A. An increase in progressive taxation

B. An increase in the rate of inflation

C. An increase in managers salaries

D. An increase in indirect taxes

578. Membership in the World Trade Organization for china ?
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A. was achieved in the early 1950s

B. has been a matter of low priority for the Chinese government

C. has had negligible effect on trade between china and the United States

D. has been opposed by a number of labor and human rights organizations in other countries

579. How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?
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A. Open door market

B. Open door country

C. Open sky market

D. Free economy

580. The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?
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A. Generalized System of Preferences

B. offshore assembly provisions

C. most favored nation status

D. normal trade relation status

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