The post is a quiz about economics MCQs with Answers from Basic to Advance. This economics quiz contains 20 multiple-choice questions and will help you with the preparation of Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score.
Online MCQs about Economics with Answers
Economics MCQs with Answers
- The government collects zero revenue if the tax rate is 0%, and if the tax rate is 100% which of the following best describes this statement?
- A tax on the accounting profits of corporations is known as
- If the money supply is fixed by the central bank then in interest rate money supply space, the money supply curve will be:
- Which of the following is TRUE for a Giffen good?
- The Total Cost (TC) function is given as $TC=200+5Q$. What is the fixed cost?
- A good for which income and quantity demanded are inversely related is known as
- An increase in supply is shown by
- The price floor results in
- The price elasticity of demand measures the responsiveness of quantity demanded to
- Indifference curves that are convex to the origin reflect:
- To find the profit-maximizing level of output, a firm finds the output level where:
- As compared to existing firms, a new firm entering in monopolist market has
- A firm charges a different price for each unit a consumer purchases. This is called:
- Welfare economics is the branch of economics which deals with
- Under the kinked demand curve model, an increase in marginal cost will lead to
- Which of the following market situations is much like a pure monopoly except that its member firms tend to cheat on agreed upon price and output strategies?
- In the complete classical model, a rightward shift of the labor supply curve will
- Which of the following events could cause the aggregate demand curve to shift to the right?
- According to the model of aggregate supply and aggregate demand, in the long run, an increase in the money supply should cause.
- Intermediate goods are meant for
