economics MCQs – Page 423

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 Review each marked answer and report any item that may be outdated or unclear.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
8441. A real value can be derived from a nominal value by ?
comments icon0

A. adjusting for data collection errors

B. adjusting for population changes

C. adjusting or changes in prices

D. adjusting for changes over time

8442. Aggregate supply is the total amount ?
comments icon0
A. of goods and services produced in an economy.

B. of products produced by a given industry.

C. of labor supplied by all households.

D. Produced by the government.

8443. A mixed economy ?
comments icon0

A. Has supply but not demand

B. Has market forces and government intervention

C. Has supply and demand

D. Has demand but not supply

8444. One principle in the theory of mercantilism is that colonies should be_____________?
comments icon0
A. acquired as markets and sources of raw materials

B. encouraged to develop their own industries

C. granted independence as soon as possible

D. Considered an economic burden for the colonial power

8445. To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?
comments icon0

A. a belief system

B. a more open market

C. an equality of trade position

D. a favorable balance of trade
8446. Name the country which has the largest natural gas reserves in the world ?
comments icon0

A. India

B. Russia

C. Italy

D. Canada

8447. Copper may be found native that is in its pure state but is more often found in chemical combinations with ?
comments icon0

A. Iron, lead and sulphur

B. Iron, gold and silver

C. All of the above minerals

D. Gold, silver and lead

8448. Which of the following practices of cultivation can be referred to as crop rotation ?
comments icon0

A. None of the above

B. The same crop in different seasons

C. Different crops in the same season

D. Different crops in different seasons
8449. What country had the third largest area of forest ?
comments icon0

A. Brazil

B. Canada

C. United States

D. Russia

8450. What is known as ground black-cherry pits in the Middle East ?
comments icon0

A. Bangna Cauda

B. Mahlab

C. Falafal

D. Baba Ghanoush

8451. What was the second chicken producing country ?
comments icon0

A. China

B. Indonesia

C. United States

D. Brazil

8452. Which country produced the second most rubber ?
comments icon0

A. India

B. Thailand

C. Malaysia

D. Indonesia

8453. What country had the largest area of forest ?
comments icon0

A. United States

B. Canada

C. Russia

D. Brazil

8454. The relative deprivation approach attempts to______________?
comments icon0

A. assess the minimum food Requirements

B. assess the deprivation of section of population as compared to the others

C. measure poverty of those below the poverty line

D. determine the privileges of the rich

8455. How much of the total population of the world i percentage is living in South America ?
comments icon0

A. 6.50%

B. 7.20%

C. 6.70%

D. 5.6%
8456. Which soil is best suited for deep rooted crops ?
comments icon0

A. Red soil

B. Black soil

C. Literate soil

D. None of these

8457. What was the third cattle producing country ?
comments icon0
A. United States

B. Argentina

C. China

D. India

8458. The largest producer of diamond in the world is ?
comments icon0
A. Russia

B. South Africa

C. Canada

D. Australia

8459. The impact of industrialization in India is most conspicuously reflected in ?
comments icon0

A. crimes

B. the increasing rate of growth in urban population

C. widow marriage

D. inter-caste marriage

8460. Besides tobacco, tea and cotton, which is the other agricultural produce of China ?
comments icon0
A. Rice

B. Maize

C. Soybean

D. Millets