MCQs Economics Quiz 7

The post is about the MCQs Economics Quiz with Answers. There are 20 questions in this test. The Quiz will help you to prepare PPSC, FPSC, NAT, GAT, and many other testing services. It will also help in preparing for college and university admission and degree examinations. Let us start with the MCQs Economics Quiz.

Online Multiple Choice Questions about Economics with Answers

1. The supply curve for a competitive firm is

 
 
 
 

2. The traditional Phillips Curve shows the

 
 
 
 

3. Deflation is

 
 
 
 

4. Second-degree price discrimination is the practice of charging

 
 
 
 

5. Consumption spending, investment expenditures, government expenditures, and net exports are:

 
 
 
 

6. Classical economics was replaced as the dominant theory of macroeconomic analysis by:

 
 
 
 

7. Which of the following statements describes the difference between nominal and real Gross Domestic Product (GDP)?

 
 
 
 

8. Is Gross Domestic Product (GDP) an accurate measure of a country’s well-being?

 
 
 
 

9. The market structures in which strategic considerations are most important are:

 
 
 
 

10. Marginal profit is equal to

 
 
 
 

11. Final goods are meant for

 
 
 
 

12. All other things remain the same, Gross Domestic Product (GDP) will rise if

 
 
 
 

13. Real Gross Domestic Product (GDP)

 
 
 
 

14. A market with few entry barriers and with many firms that sell differentiated products is

 
 
 
 

15. A currency appreciation

 
 
 
 

16. If a war destroys a large portion of a country’s capital stock but the saving rate is unchanged, the exogenous model predicts that output will grow and the new steady state will approach.

 
 
 
 

17. According to classical economics, the economy will always tend toward full employment due to:

 
 
 
 

18. After a decrease in the wage, the substitution effect implies that

 
 
 
 

19. The numerical measurement of a consumer’s preference is called

 
 
 
 

20. A demand curve is price-elastic when

 
 
 
 


MCQs Economics Quiz

  • Final goods are meant for
  • All other things remain the same, Gross Domestic Product (GDP) will rise if
  • The traditional Phillips Curve shows the
  • Deflation is
  • Is Gross Domestic Product (GDP) an accurate measure of a country’s well-being?
  • Real Gross Domestic Product (GDP)
  • If a war destroys a large portion of a country’s capital stock but the saving rate is unchanged, the exogenous model predicts that output will grow and the new steady state will approach.
  • A currency appreciation
  • Which of the following statements describes the difference between nominal and real Gross Domestic Product (GDP)?
  • After a decrease in the wage, the substitution effect implies that
  • A demand curve is price-elastic when
  • The numerical measurement of a consumer’s preference is called
  • Marginal profit is equal to
  • The supply curve for a competitive firm is
  • Second-degree price discrimination is the practice of charging
  • A market with few entry barriers and with many firms that sell differentiated products is
  • The market structures in which strategic considerations are most important are:
  • Consumption spending, investment expenditures, government expenditures, and net exports are:
  • Classical economics was replaced as the dominant theory of macroeconomic analysis by:
  • According to classical economics, the economy will always tend toward full employment due to:
MCQs Economics Quiz

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