economics MCQs – Page 415

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 Review each marked answer and report any item that may be outdated or unclear.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

8281. An inferior good is one for which an increase in income causes a(n) ?
0

A. increase in demand

B. increase in supply

C. decrease in supply

D. decrease in demand

8282. If demand increase in a market this will usually lead to ?
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A. A higher equilibrium price and lower output

B. A lower equilibrium price and higher output

C. A higher equilibrium price and output

D. A lower equilibrium price and output

8283. A movement along the supply curve may be caused by ?
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A. A change in technology

B. A change in costs

C. A change in the number of producers

D. A shift in demand

8284. Which of the following is not among the most advanced global food chain cluster with headquarters in the US ?
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A. cargil/Monsanto

B. ConAgra

C. Procter & Gamble

D. Novartis/ADM

8285. Which of the following NOT a cause of food insecurity, according to Nic Maunder, a specialist on Ethiopia ?
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A. Aid from developed nations

B. Corruption and mismanagement

C. Poor roads

D. War and bad governance

8286. In food demand growth equation D = ? + a E, a is the income elasticity of demand for food E is the per capita income growth and ? is ?
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A. change in the quantity of food demanded per capita

B. Poverty rates

C. food security index

D. population growth

8287. Which index combines measures of calorie availability (in relation to requirement) the growth of per capita daily energy supply food production food staples self-sufficiency, and variability of food production and consumption ?
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A. food sufficiency index

B. food security index

C. food growth index

D. food self-intake index

8288. Which of the following is not a consequence of growing agricultural commercialization ?
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A. An increase in the number of landless laborers

B. Workers nutrition is reduced

C. Women gain in decision making power

D. An increase in rural poverty

8289. Which of the following colonial policy contribute further to todays agricultural underdevelopment in Africa ?
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A. Colonialism often changed traditional land tenure systems from individual control to communal

B. Research and development concentrated on food production and small farmers and herders.

C. Colonial governments compelled farmers to grow selected crops

D. . Colonialists failed to train African agricultural scientists and managers

8290. Which of the following is a form of urban bais ?
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A. Government may set price floors on food and price ceilings for industrial goods

B. #NAME?

C. Spending more for education training housing, health and transport in urban areas than in rural areas.

D. Tax incentive and subsidies to infant industry

8291. Which of the following is not true about the specialized farm ?
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A. Such a farm is labor intensive

B. Such a farm uses advanced technology and takes advantage of economies of scale.

C. Such a farm is the most advanced

D. Such a farm usually emphasizes

8292. A set of alternative commodity bundles that a person can command in a society using the totality of rights and opportunities that he possesses is known as ?
0

A. income distribution

B. entitlement

C. Production possibilities

D. egalitarianism

8293. Most of Latin America has been characterized by ______ large land-grand estates owned by the few and ________ small poor holdings that rarely provide adequate employment for a family ?
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A. feudum, nocere

B. multitudinous latitudinous

C. latifundios, minifundios

D. grameen, repetto

8294. Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?
0

A. Tim Dyson

B. Raanan Weitz

C. Hans Singer

D. Yujiro Hayami

8295. Which of the following is not true about most farmers in LDCs ?
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A. cultivators farm only as much land as their

B. On the traditional farm, output is always greater than consumption

C. labor is underutilized except for planting and harvesting seasons

D. The staple crop is the chief sources of food

8296. Which of the following statement about rural and agricultural development is true ?
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A. Rural development is the same as agricultural development

B. Household nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya

C. Chinas rural population receives little income from nonfarm income

D. The agrarian community requires a full range of services such as schools merchants banks and so on

8297. Which of the following is not a major factor raising LDC agricultural labor productivity ?
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A. massive government intervention

B. new technical and organizational knowledge from greater specialization

C. new biological chemical mechanical inputs in production

D. expanded markets for agricultural output

8298. Amartya K. Sen emphasizes that having enough to eat depends on ?
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A. societys high Gini concentration

B. societys system of entitlement

C. low poverty rates

D. an egalitarian income distribution

8299. When several countries jointly impose common external tariffs, eliminate tariffs on each other, and eliminate barriers to the movement of labor and capital among themselves, they have formed a/na ?
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A. customs union

B. economic union

C. free trade area

D. common market

8300. The European Union has achieved all of the following except ?
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A. levied common tariffs on products imported from nonmembers

B. adopted a common fiscal policy for member nations

C. disbanded all tariffs between its member countries

D. established a common system of agricultural price supports

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