economics MCQs – Page 445

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 Review each marked answer and report any item that may be outdated or unclear.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

8881. A reservation wage is the ?
0

A. tip necessary to get a waiter to reserve a table

B. competitive equilibrium wage.

C. Maximum wage the firm is willing to pay

D. minimum wage the worker is willing to accept

8882. An increase in the wage rate ?
0

A. is illegal in a free market

B. Will decrease total earning if the demand for labour is wage elastic

C. Will usually lead to more people employed

D. will cause a shift in the demand for labour

8883. The Marginal Revenue Product is likely to be wage inelastic if ?
0

A. Labour costs are a high percentage of total costs

B. There are many substitutes for the final product

C. It is relatively easy to substitute capital for labour

D. Demand for the final product is price inelastic

8884. Refer to Figure 1 The labour fouce is ?
0

A. 134.0 million

B. 98.0 million

C. None of theses answers

D. 92.3 million

8885. IF Unemployment insurance were so generous that it paid laid off workers 95 percent of their regular salary ?
0

A. None of these answers

B. The official unemployment rate would probably overstate true unemployment

C. The official unemployment rate would probably understate true unemployment

D. Frictional Unemployment would fall

E. There would be no impact on the official unemployment rate

8886. A fall in demand for labour is likely to lead to ?
0

A. A higher equilibrium wage and lower quantity of labour

B. A lower equilibrium wage and higher quantity of labour

C. A lower equilibrium wage and lower quantity of labour

D. A higher equilibrium wage and higher quantity of labour

8887. Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?
0

A. None of these answers

B. Sectoral Unemployment

C. Structural unemployment

D. Cyclical Unemployment

E. Frictional Unemployment

8888. Refer to Figure 1. The labour force participation rate is ?
0

A. 50.2 Percent

B. 70.2 Percent

C. 65.9 Percent

D. 47.1 Percent

8889. The amount of unemployment that the economy normally experiences is known as ?
0

A. The natural rate of unemployment

B. frictional unemployment

C. cyclical unemployment

D. efficiency wage unemployment

8890. A tariff that prohibits imports has only ?
0

A. a revenue effect and redistribution effect

B. consumption effect and protection effect

C. revenue effect and protection effect

D. redistribution effect and consumption effect

8891. With free trade the total value of imports would equal ?
0

A. $800,000 units

B. $600,000 units

C. $400,000 units

D. $100,000 units

8892. If a country an imposes an import tariff, its welfare can improve if ?
0

A. Its governments tax revenue increases because of the tariff

B. the country is a small country rather than a larger country

C. its terms of trade improve enough

D. The tariff enhances the welfare of its trading partners

8893. With free trade the total quantity of imports would equal ?
0

A. 42,000 units

B. 40,000 units

C. 10,000 units

D. 50,000 units

8894. If a nation fitting the criteria for the large nation model imposes an import tariff ?
0

A. None of the above

B. the domestic price of the product will increase by more than the tariff itself

C. The domestic price of the product will increase by the same amount as the tariff

D. The domestic price of the product will increase by less than the tariff

8895. In developed countries, tariffs on raw materials tend to be ?
0

A. equal to tariffs on manufactured goods

B. lower than on manufactured goods

C. higher than on manufactured goods

D. highest of all

8896. If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?
0

A. 5 percent

B. 10 percent

C. 15 percent

D. 20 percent

8897. Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pens value, this is an example of a (an) ?
0

A. ad valorem tariff

B. specific tariff

C. compound tariff

D. effective tariff

8898. Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?
0

A. Increase the Production of computers in the United States

B. cause foreign assemblers of computers to use more computer components that are supplied by countries other than the United States

C. Increase the Price of computers to consumers in the United States

D. Increase the production of computer components in the United States

8899. Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?
0

A. 5 percent

B. 10 percent

C. 20 percent

D. 15 percent

8900. If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
0

A. valid for stereos, but nor for most products imported by Pakistan

B. deceiving since Koreans eventually spend the dollars on Pakistani goods

C. valid for most products imported by Pakistan but not for stereos

D. deceiving since the dollars spent on a stereo built in the Pakistan eventually wind up overseas

Previous Next

Showing 8881 to 8900 of 9118 mcqs