economics MCQs – Page 402

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 Review each marked answer and report any item that may be outdated or unclear.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 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
8021. Which American industry has least been affected by import competition in recent years ?
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A. Radios and TVs

B. Steel

C. Computer software

D. Automobiles

8022. Economic integration ?
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A. occurs when two or more nations join to form a free-trade zone

B. occurs when countries are granted most favored nation status

C. Occurs when countries develop an acquired comparative advantage that makes their industries more competitive in international markets

D. occurs when one country voluntarily agrees to reduce its exports to another country

8023. A demand switching policy could be ?
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A. Higher income tax

B. Higher interest rates

C. Tariffs

D. Reduced government spending

8024. Economic transition involves high inflation because _____ and ______?
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A. high monetary growth high wages

B. Prices surge from an artificially low level to their equilibrium level the inflation tax is required a source of government revenue

C. high monetary growth devaluation

D. high budget deficits devaluation

8025. A sudden shift from import tariffs to free trade may induce short-term unemployment in ?
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A. industries that neither import nor export

B. Industries that are only exporters

C. Industries that sell domestically as well as export

D. Import-competing industries
8026. For the United states, exports plus imports are about _____ of its gross national product?
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A. 5 percent

B. 25 percent

C. 55 percent

D. 10 percent

8027. If a nation has an open economy it means that the nation ?
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A. Has fixed exchange rates

B. Has flexible exchange rates

C. Allows private ownership of capital

D. conducts trade with other countries
8028. What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
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A. 70%

B. 55%

C. 45%

D. 65%

8029. In the Sub-Continent, first census was held in ?
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A. 1858

B. 1881

C. 1869

D. 1901

8030. The Essay on the Principle of Population was written by ?
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A. The World Bank

B. Julian Simon

C. Abraham Lincoin

D. Thomas Robert Malthus
8031. The density of population in Baluchistan is ?
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A. 28 per sq. Km

B. 59 per sq. Km

C. 18 per sq. Km

D. 39 per sq. Km

8032. The fifth Census was held in ?
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A. 1998

B. 2000

C. 1988

D. 1978

8033. What is the share of Sindh in the total population of Pakistan ?
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A. 25%

B. 22%

C. 28%

D. 23%
8034. What is the ratio of Punjabi speaking population ?
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A. 48%

B. 58%

C. 68%

D. 38%

8035. What is the density of population in Pakistan total population of Pakistan ?
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A. 32.5%

B. 42.60%

C. 41.00%

D. 38.60%

8036. The first census in Pakistan was held in ?
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A. 1948

B. 1951

C. 1961

D. 1959

8037. The density of population in Sindh is ?
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A. 239 per sq. Km

B. 212 per sq. Km

C. 270 per sq. Km

D. 305 per sq. Km

8038. Which is the most thinly populated province of Pakistan ?
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A. Baluchistan

B. K.P.K

C. Sindh

D. Punjab

8039. In which part of Pakistan the rate of increasing population is fastest ?
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A. Punjab

B. Islamabad

C. Sindh

D. FATA

8040. What was the crude birth rate of 1998 ?
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A. 30.5 per 1000

B. 32.5 per 1000

C. 35.4 per 1000

D. 31.8 per 1000