economics MCQs – Page 356

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 Review each marked answer and report any item that may be outdated or unclear.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

7101. Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia They gained independence in 1978 The former Ellice Island are home to 9,700 people if GNP of Tuvalu is $300 million in 2005 GNP per capital is ?
0

A. 300 000 000 / 9700

B. 300 / 360

C. 32.333

D. 9700 (1978 / 2005)

7102. The Physical Quality of Life Index (PQLI) combines three indicators They are ?
0

A. air pollution rate, Water pollution rate and sanitation

B. health education and environment

C. infant mortality life expectancy and adult literacy rate

D. crime rate clean environment and quality of housing

7103. IF GNP per capita at constant prices for Liechtenstein a microstate of 29,000 people located on the Rhine River between Switzerland and Austri is US$555 and US$560 in 2011 and 2012 respectively, the real economic growth from 2011 to 2012 is ?
0

A. 0.09%

B. 0.99%

C. 0.901%

D. 5%

7104. All of the following are low income countries except ?
0

A. Bangladesh

B. Sudan

C. Armenia

D. United Arab Emirates

7105. IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?
0

A. 3.623

B. 276,000

C. 0.276

D. 1,576,086

7106. If GNP per capita at constant prices for Ghana is US$360 and US$364 in 1996 and 1997 respectively, The real economic growth from 1996 to 1997 is ?
0

A. 11%

B. 4%

C. 0.01%

D. 1.11%

7107. Economic development refers to ?
0

A. improvement in the well-being of the urban population

B. sustainable increase in Gross National Product

C. economic growth plus changes in (c) output distribution and economic structure

D. economic growth

7108. If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
0

A. 260

B. 0.001

C. 1000

D. 259740

7109. Lespeyres type indexes use weights from_____________?
0

A. current period

B. future year

C. forecasting

D. base-period

7110. Which of the following countries is not a low-income country ?
0

A. Somalia

B. Ethiopia

C. Rwanda

D. Singapore

7111. The formula for the Laspeyres price index is (o is the base year and n is the given year) ?
0

A. P = ?Poqo/?pnqn

B. P = ?Poqn/?poqo

C. P = ?Poqo/?poqo

D. P = ?Pnqo/?poqo

7112. The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?
0

A. human resource training development and R&D

B. minimum schooling, adult literacy and tertiary educational attainment

C. disparity reduction rate, human resource development rate and the composite index

D. longevity, education and living standard

7113. The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?
0

A. both exchange rates are measured s the domestic currency price of the US-dollar

B. both exchange rates are not converted into international dollars

C. both exchange rate are pegged

D. both exchange rate are converted into Big Mac PPP formula

7114. All of the following are high income countries except ?
0

A. the United Kingdom

B. Hungary

C. Singapore

D. Japan

7115. Which of the following is not a problem in comparing developed and developing countries GNP ?
0

A. The economic contribution of a housewife is a peasant family may not be measured is GNP is poor country

B. GNP in understated for developing countries since many of their labor intensive good have no impact on exchange rate since they are not traded

C. GNP is overstated for for countries where the price of foreign exchange is less than market clearing price

D. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods

7116. Which of the following is not one of the Newly Industrialized Countries (NICs) ?
0

A. Taiwan

B. Japan

C. Singapore

D. South Korea

7117. The formula to calculate Passche price index is (o is the base year and n is the given year) ?
0

A. P = ?Pnqn/?poqo

B. P = ?Poqo/?pnqn

C. P = ?Pnqn/?poqn

D. P = ?Pnqo/?poqo

7118. A dual economy is distinguished from other economies by having ?
0

A. an industrial sector and a manufacturing sector

B. an industrial sector that concentrates on manufacturing and construction

C. state owner ship of the means of production

D. a traditional agricultural sector and a modern industrial sector

7119. Which of the following statement is true about low-income countries ?
0

A. the average agriculture family produces surplus large enough only to supply small non-agriculture population

B. less than 10% of the labor force is in agriculture

C. share of labor force is about 30%

D. One-third of the labor force produce food

7120. Economic rent ?
0

A. is productive activity to obtain private benefit from public action and resources

B. is the wage used to pay unskilled workers?

C. are the payments above the minimum essential to attract the resources to the market?

D. does not include monopoly profits

Previous Next

Showing 7101 to 7120 of 9118 mcqs