Economics Mcqs for test Preparation of Nts, Fpsc & others

ECONOMICS MCQS
1. Introduction To Economics	2. Basic of Economics
3. Supply and Demand	4. Oligopoly
5. Monopoly	6. Macroeconomic Policy Tools
7. Inflation & Productivity	8. Foreign Exchange
9. Exchange-Rate Determination	10. Elasticity
11. Balance of Payments, Aid and Foreign Investment	12. Applied Microeconomics
13. Long Term Economic Growth	14. Production Factors
15. The Aggregate Demand Aggregate Supply Model	16. Stabilization, Adjustment, Reform and Privatization
17. The Phillips Curve	18. The International Economy And Globalization
19. Trade Regulations And Industrial Policies	20. Taxation
21. Monetary Union	22. Poverty, Malnutrition, And Income Inequality
23. Fiscal And Monetary Policy	24. Aggregate Supply, Unemployment And Inflation
25. Costs , Supply And Perfect Competition	26. Economic Development in Historical Perspective
27. National Income And The Standard Of Living	28. Natural Resources – Sustainable Development
29. Theories of Economic Development	30. Roots of Modern Macroeconomics
31. Regional Trading Arrangements	32. Monetary, Fiscal And Incomes Policy, And Inflation
33. Marketing In A Global Economy	34. Public Goods
35. Human Capital	36. Entrepreneurship, Organization, And Innovation
37. Economic Problems of Developing Countries	38. Comparative GDP
39. Capital Formation – Technical Progress	40. Alternative Theories Of The Firm
41. Asymmetric Information	42. Trade Policies For the Developing Nations
43. The Balance of Payments	44. The National Economy
45. Supply-Side Policies	46. Sources of Comparative Advantage
47. Measurement of Economic Development	48. Agriculture & Irrigation System of Pakistan
49. Average And Total Cost	50. Application of Economics
51. Income Inequality	52. Employment, Migration, And Urbanization
53. Global Economic Development	54. Education, Health, And Human Capital
55. Exchange-Rate Adjustments And The Balance of	56. World Economy (Miscellaneous)
57. Development Planning and Policy-making	58. Consumer Theory vs. Real Consumers
59. Budget Deficits And The Trade Balance	60. Characteristics and Institutions of Developing Countries
61. Externality & Internality	62. Exchange-Rate Systems And Currency Crises
63. The External Debt and Financial Crises	64. Tariffs
65. Rural Poverty and Agricultural Transformation	66. Risks And Diversification & Efficient Market Hypothesis
67. Prices, Wages & Taxes	68. Population And Development
69. Profit Maximizing Under Perfect Competition And Monopoly	70. Money, Interest Rates And Output
71. Markets, Efficiency And The Public Interest	72. Monopoly & Competition
73. Industrial Development	74. International Factor Movements And Multinational Corporations
75. Foundations Of Modern Trade Theory	76. Labour Market
77. Macroeconomic Issues and Analysis	78. Market
79. Non-Tariff Trade Barriers	80. Miscellaneous
81. Population	82. Stocks
83. Surplus	84. –

ECONOMICS MCQS

1. Introduction To Economics

2. Basic of Economics

3. Supply and Demand

4. Oligopoly

5. Monopoly

6. Macroeconomic Policy Tools

7. Inflation & Productivity

8. Foreign Exchange

9. Exchange-Rate Determination

10. Elasticity

11. Balance of Payments, Aid and Foreign Investment

12. Applied Microeconomics

13. Long Term Economic Growth

14. Production Factors

15. The Aggregate Demand Aggregate Supply Model

16. Stabilization, Adjustment, Reform and Privatization

17. The Phillips Curve

18. The International Economy And Globalization

19. Trade Regulations And Industrial Policies

20. Taxation

21. Monetary Union

22. Poverty, Malnutrition, And Income Inequality

23. Fiscal And Monetary Policy

24. Aggregate Supply, Unemployment And Inflation

25. Costs , Supply And Perfect Competition

26. Economic Development in Historical Perspective

27. National Income And The Standard Of Living

28. Natural Resources – Sustainable Development

29. Theories of Economic Development

30. Roots of Modern Macroeconomics

31. Regional Trading Arrangements

32. Monetary, Fiscal And Incomes Policy, And Inflation

33. Marketing In A Global Economy

34. Public Goods

35. Human Capital

36. Entrepreneurship, Organization, And Innovation

37. Economic Problems of Developing Countries

38. Comparative GDP

39. Capital Formation – Technical Progress

40. Alternative Theories Of The Firm

41. Asymmetric Information

42. Trade Policies For the Developing Nations

43. The Balance of Payments

44. The National Economy

45. Supply-Side Policies

46. Sources of Comparative Advantage

47. Measurement of Economic Development

48. Agriculture & Irrigation System of Pakistan

49. Average And Total Cost

50. Application of Economics

51. Income Inequality

52. Employment, Migration, And Urbanization

53. Global Economic Development

54. Education, Health, And Human Capital

55. Exchange-Rate Adjustments And The Balance of

56. World Economy (Miscellaneous)

57. Development Planning and Policy-making

58. Consumer Theory vs. Real Consumers

59. Budget Deficits And The Trade Balance

60. Characteristics and Institutions of Developing Countries

61. Externality & Internality

62. Exchange-Rate Systems And Currency Crises

63. The External Debt and Financial Crises

64. Tariffs

65. Rural Poverty and Agricultural Transformation

66. Risks And Diversification & Efficient Market Hypothesis

67. Prices, Wages & Taxes

68. Population And Development

69. Profit Maximizing Under Perfect Competition And Monopoly

70. Money, Interest Rates And Output

71. Markets, Efficiency And The Public Interest

72. Monopoly & Competition

73. Industrial Development

74. International Factor Movements And Multinational Corporations

75. Foundations Of Modern Trade Theory

76. Labour Market

77. Macroeconomic Issues and Analysis

78. Market

79. Non-Tariff Trade Barriers

80. Miscellaneous

81. Population

82. Stocks

83. Surplus

84. –

Which of the following would be considered a supply-side policy ?

A. An increase in the minimum wage that would cause consumer spending to increase
B. investment tax credits for businesses to encourage investment
C. Restrictions placed on the amount that can be imported.
D. An increase in government spending that would lead to increased aggregate demand

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The success of regional and urban policies has been limited by ?

A. bureaucracy
B. bad luck
C. poor communications
D. the low level of government grants and by the fact that some projects would have gone ahead anyway

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A way helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ?

A. New classical economists.
B. Left wing theorists
C. interventionist policies.
D. monetarists.

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Which of the following statements supports deregulation of industries ?

A. Technological change has made it possible for many industries to become more competitive
B. Because few real natural monopolies exist, there is rarely a reason for government regulation.
C. Many instances of government regulation have succeeded in reducing competition in industries where competition may be beneficial
D. All of the above

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New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning used was that this would ?

A. reduce poverty
B. reduce unemployment
C. weaken the power of trade unions
D. help small businesses

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According to the Laffer curve, as tax rates increase tax revenue ?

A. initially increase and then decrease
B. decrease continuously.
C. rise continuously
D. initially decrease and then increase.

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According to Supply-side economists. if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?

A. aggregate supply will increase will increase aggregate demand will decrease and the price level will decrease
B. aggregate supply will increase will increase aggregate output will increase and the price level will decrease
C. aggregate supply will increase will increase aggregate output will increase and the price level will increase
D. both aggregate supply and demand will increase will increase and the price level will increase

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A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work, save and invest. These economists are?

A. Supply-side economics
B. neo-Keynesian economists
C. rational-expectations economists.
D. new classical economists.

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If a market generates a side effect or externlity then free market solutions ?

A. maximize producer surplus
B. are efficient
C. are inefficient
D. are equitable

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If a producer has market power (can influence the price of the product in the market) then free market solutions ?

A. are equitable.
B. are efficient
C. maximize consumer surplus
D. are inefficient

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