economics MCQs – Page 333

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 Review each marked answer and report any item that may be outdated or unclear.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

6641. Once a social scientist has formulated the hypothesis what is the next step of the scientific method ?
0

A. Data analysis

B. Generalization

C. Developing a research design

D. Replication

6642. The double standard in the behavior of people in society is acknowledged by the existence of a(n)?
0

A. overt and covert culture

B. moral and immoral culture

C. legal and illegal culture

D. ethical and unethical culture

6643. A significant increase in the government budget deficit is likely to ?
0

A. Move the economy away from full employment

B. Reduce injections into the economy

C. Reduce national income

D. Boost aggregate demand

6644. The socially optimal rate of growth is ?
0

A. Where the marginal social benefit = the marginal social cost

B. Zero

C. Negative

D. Total social costs are minimised

6645. An independent assessment of the impact of firms activities on society is called a ?
0

A. Social audit

B. Profit and loss account

C. Financial audit

D. Balance sheet

6646. If injections are greater than withdrawals ?
0

A. National income will stay in equilibrium

B. National income will increase

C. National income will decrease

D. Price will fall

6647. A deflationary policy could include ?
0

A. Reducing government spending

B. Reducing taxation rates

C. Reducing interest rates

D. increasing injections

6648. If the price is less than the average costs but higher than the average variable costs ?
0

A. The firm is making a loss and will shutdown in the short term

B. The firm is making a profile

C. The firm is making a loss but will continue to produce in the short term

D. The firm is making a loss and is making a negative contribution to fixed costs

6649. Which of the following would be considered a supply-side policy ?
0

A. Restrictions placed on the amount that can be imported

B. An increased in government spending that would lead to increased aggregate demand

C. An increase in the minimum wage that would cause consumer spending to increase

D. Investment tax credits for businesses to encourage investment

6650. If an increase in investment leads to a bigger increase in national income this called the ?
0

A. Aggregate demand

B. Multiplier

C. Accelerator

D. Monetarism

6651. Objectivity means ?
0

A. precision

B. eliminating bias

C. taking nothing for granted

D. repeating observations

6652. The ratio of change in the equilibrium level of output to a change in some autonomous variable is the ?
0

A. multiplier

B. elasticity coefficient

C. automatic stabiliser

D. marginal propensity of the autonomous variable

6653. Companies in the private sector are owned by ?
0

A. Employees

B. The government

C. Shareholders

D. The community

6654. Investment depends mainly on ?
0

A. Historic data

B. Past levels of income

C. Future expected profits

D. Present national income levels

6655. If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ?
0

A. 0.81

B. 0.8

C. 800

D. 810

6656. According to the Laffer curve as tax rates increase tax revenue ?
0

A. initially decrease and then increase

B. decrease continuously

C. initially increase and then decrease

D. rise continuously

6657. The PFI aims to deliver public projects and services using ?
0

A. time and motion studies

B. Public borrowing

C. foreign labour

D. The private sector

6658. An economy may operate outside the production possibility Frontier if ?
0

A. It is a mixed economy

B. It is trading other economies

C. It is not utilizing its resources fully

D. It is being productively efficient

6659. An anthropologist living with a group of people and engaging in some of their rituals is using the following research method ?
0

A. experiment

B. sample survey

C. statistical survey

D. participant observation

6660. If the price elasticity of demand for a product in market A is -0.2 and in market B is -3 a price discriminator will charge ?
0

A. The higher price in market A

B. The higher price in market B

C. The same Price in both markets

D. Cannot tell which price will be higher

Previous Next

Showing 6641 to 6660 of 9118 mcqs