economics Mcqs
1. the national economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
1651. An example of public good is ?
comments icon0

A. a beautifully landscaped lawn.

B. preservation of wetlands

C. a public utility.

D. a book

1652. A reduction in the money supply is likely to ?
comments icon0

A. Increase inflation

B. Decrease deflation

C. Increase the interest rate

D. Reduce the interest rate

1653. Which of the following is a problem for monetary policy in a currency union ?
comments icon0
A. The interest rate may be higher than is appropriate for economic conditions in some countries while its lower than is appropriate in some others monetary policy must be one size fits all

B. The inflation-unemployment trade-off is more unstable in a currency union

C. All of these answers describe problems for monetary policy in a currency union

D. Money supply is more difficult to control in a currency union.

1654. When Micheal Jordan and Tiger Woods use marketing to promote their careers and improve their impact and incomes they are using?
comments icon0

A. nonprofit marketing

B. idea marketing

C. cause-related marketing

D. person marketing
1655. Any combination of products inside the production possibility frontier is ?
comments icon0

A. Consumer inefficient

B. X inefficient

C. Productively inefficient

D. Allocatively inefficient

1656. Barriers to entry ?
comments icon0

A. Enable abnormal profits to be made in the short run only

B. Enable losses to be made in the long run

C. Enable abnormal profits to be made in the long run

D. Occur in perfect competition

1657. How does the eurozone compare with USA as a possible optimal currency area (OCA) ?
comments icon0

A. The eurozone has a higher degree of labour mobility than the USA but labour law is much more restrictive in the erozone than in the USA On these measures it is hard to judge whether the eurozone is more or less likely to be an OCA than is the USA

B. The eurozone has a higher degree of labour mobility than the USA and labour law is much less restrictive in the erozone than in the USA On these measures the eurozone is more likely to be an OCA than is the USA

C. The eurozone has a lower degree of labour mobility than the USA and labour law is much less restrictive in the erozone than in the USA On these measures it is hard to judge whether the eurozone is more or less likely to be an OCA than is the USA

D. The eurozone has a lower degree of labour mobility than the USA and labour law is much more restrictive in the erozone than in the USA On these measures the eurozone is less likely to be an OCA than is the USA
1658. The Choice between high markups and high volume is part of which of the following retailer marketing decisions ?
comments icon0
A. Pricing decisions

B. Produced assortment and services decisions

C. Promotion decisions

D. Target market decisions

1659. The American Marketing Association suggests a list of code of ethics All of the following are ethics suggested in the area of distribution EXCEPT ?
comments icon0

A. not manipulating the availability of a product for purpose of explotation

B. using gray marketers whenever possible to save the consumer money

C. not using coercion in the marketing channel

D. not exerting undue influence over the resellers choice to handle a product

1660. The resources in an economy are ?
comments icon0
A. Fixed at any moment

B. Constantly decreasing

C. Able to be transferred easily between industries

D. Constantly increasing

1661. A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?
comments icon0
A. supply side economists

B. rational -expectations economists

C. New classical economists

D. neo-Keynesian economists

1662. If the marginal propensity to consume on domestic products is 0.9 the size of the multiplier is ?
comments icon0
A. 0.1

B. 10

C. 9

D. 1

1663. Total increases from Rs500 to Rs600 when output increases from 20 to 30 units. Fixed costs are Rs200 Which of the following is true ?
comments icon0

A. Average cost falls

B. Variable cost rises by Rs100

C. Average fixed cost is Rs10

D. Marginal cost is Rs20

1664. The PFI aims to deliver public projects and services using ?
comments icon0

A. Public borrowing

B. time and motion studies

C. The private sector

D. foreign labour

1665. According to the Laffer curve as tax rates increase tax revenue ?
comments icon0
A. initially increase and then decrease

B. rise continuously

C. decrease continuously

D. initially decrease and then increase

1666. If a firm were to bid to do a turnkey operation where they would choose a building site designing a cement factory to build the plant hire construction crews assemble materials and equipment to run the new factory and turn over the finished factory ready to operate to the owners the firm would be using which of the following ?
comments icon0

A. Design Products selling

B. Core Process products selling

C. Reciprocal spelling

D. Systems selling
1667. An increase in consumption at any given level of income is likely to lead to ?
comments icon0
A. An increase in exports

B. A fall in taxation revenue

C. A decrease in import spending

D. A fall is savings

1668. The precautionary demand for money is ?
comments icon0
A. An idle because

B. Inversely related to income

C. Directly related to interest rates

D. An active balance

1669. Setting call objectives is done during which of the following stages of the selling process?
comments icon0

A. Handling objections

B. Preapproach

C. Prospecting

D. Approach

1670. A person will continue to pursue an activity up to the point where ?
comments icon0

A. marginal social cost equals marginal external cost

B. Marginal benefit equals marginal damage cost

C. marginal benefit equals marginal private cost

D. marginal benefits equals marginal social cost

1671. If the keep some money available in case I see a bargain this is an example of ?
comments icon0

A. transactions demand for money

B. asset demand for money

C. precautionary demand for money

D. token demand for money

1672. Which of the following would be considered a supply-side policy ?
comments icon0

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

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

C. Restrictions placed on the amount that can be imported

D. Investment tax credits for businesses to encourage investment
1673. Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?
comments icon0
A. a statement of religion

B. motivating

C. based on distinctive competencies

D. market oriented

1674. Barriers to entry ?
comments icon0

A. Do exist in perfect competition

B. Do not exist in monopoly

C. Do not exist in monopolistic competition

D. Cannot exist in oligopoly

1675. As resources are shifted from one industry to another this can be shown by ?
comments icon0

A. An inward shift of the production possibility frontier

B. A movement along the production possibility frontier

C. The pivoting of the production possibility frontier

D. An outward shift of the production possibility frontier

1676. In determining salesforce size, when a company groups accounts into different size classes and then determines the number of salespeople needed to call on them the desired number of times it is called the ?
comments icon0

A. Key-size approach

B. product-need appraoch

C. work-load appraoch

D. call-service appraoch

1677. Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?
comments icon0
A. Average cost rises

B. Marginal cost is Rs20

C. Variable cost rises by Rs200

D. Average fixed cost was Rs10originally

1678. In a recession, GDP ?
comments icon0
A. Grows by 0%

B. Grows negatively

C. Grows slowly

D. Grows rapidly

1679. Companies in the private sector are owned by ?
comments icon0
A. Employees

B. The community

C. The government

D. Shareholders

1680. All of the following are commonly recognized promotion budget formal EXCEPT ?
comments icon0

A. the affordable method

B. the LIFO method

C. the objective and task method

D. the percentage of sales method

1681. Normal profit occurs when ?
comments icon0

A. Average revenue equals marginal cost

B. Average revenue equals average cost

C. Marginal revenue equals marginal cost

D. Average revenue equals average variable cost
1682. An increase in national income is likely to ?
comments icon0

A. Worsen the balance of trade

B. causes an increase in injections into the economy

C. Decrease tax receipts

D. Automatically cause an increase in government spending

1683. All of the following would be ways to segment within the category of psychographic segmentation EXCEPT ?
comments icon0

A. social class

B. lifestyle

C. personality

D. occupation
1684. The difference between goes investment and net investment is ?
comments icon0

A. Capital investment

B. Declaration

C. Depreciation

D. Acceleration

1685. A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ?
comments icon0

A. Keynesian

B. New-Keynesian

C. left-wing theorists

D. market orientated economists
1686. Privatisation is the transfer out ?
comments icon0

A. corporately owned businesses to individuals

B. Privately owned business to the government sector

C. Publicly held stock to private individuals

D. government businesses to the private sector
1687. The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of ?
comments icon0

A. specific equilibrium analysis

B. partial equilibrium analysis

C. industry equilibrium analysis

D. general equilibrium analysis

1688. In the short term a firm will produce provided the revenue ?
comments icon0
A. covers variable costs

B. covers fixed costs

C. covers revenue

D. covers total costs

1689. By using fiscal policy, i (e) varying ______ and/or _____ governments achieve goals for output and employment growth as well as price stability?
comments icon0

A. interest rates, tax rates

B. tax rates, government spending

C. demand pull inflation tax elasticity

D. interest rates, financial liberalization

1690. A three day cooling off period in which buyers can cancel a contract after re-thinking it is to protect the consumer from ?
comments icon0

A. detail selling

B. creative selling

C. high pressure telling

D. hard core selling

1691. Which of the following information forms available to the marketing manager can usually be accessed more quickly and cheaply than other information sources ?
comments icon0

A. Marketing intelligence

B. Marketing research

C. Customer profiles

D. Internal databases
1692. If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ?
comments icon0

A. 10As

B. 7As

C. 3As

D. 1A

1693. Under financial repression ?
comments icon0

A. #NAME?

B. banks engage in non-price rationing of loans

C. banks face pressure for loans to those with political connections

D. banks depend on foreign banks to set interest rates

1694. The profit per sale is a measure of ?
comments icon0

A. Profitability

B. Realism

C. Profit

D. Feasibility

1695. An increase in interest rates ?
comments icon0

A. Is likely to reduce savings

B. Leads to a shift in the MEC schedule

C. Is likely to reduce the external value of the currency

D. Leads to a movement along the MEC schedule

1696. Using a successful brand name to introduce additional items in a given product category under the same brand same (such as new flavors, forms, colors, added ingredients or package seizes) is called a(n)?
comments icon0

A. brand extension

B. line extension

C. new brands

D. multibranding

1697. imperfect competition occurs ?
comments icon0

A. Whenever firms are losing money.

B. When firms have some control over price and competition

C. When firms are not profit maximisers

D. When the consumption of the good involves an external benefit

1698. Which of the following is an injection into the economy ?
comments icon0

A. Savings

B. Investment

C. Taxation

D. Imports spending

1699. If your company were to make light bulbs to be used in photocopiers you would most likely be selling to a _________ market?
comments icon0

A. service

B. business

C. reseller

D. government

1700. If PX > MCX, society gains by ?
comments icon0

A. raising the price of X.

B. production less X

C. Producing more X

D. Increasing the cost of producing X