Economics

Economics MCQs with Answers 6

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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

1. A tax on the accounting profits of corporations is known as

 
 
 
 

2. Which of the following events could cause the aggregate demand curve to shift to the right?

 
 
 
 

3. Welfare economics is the branch of economics which deals with

 
 
 
 

4. An increase in supply is shown by

 
 
 
 

5. A firm charges a different price for each unit a consumer purchases. This is called:

 
 
 
 

6. The price floor results in

 
 
 
 

7. The price elasticity of demand measures the responsiveness of quantity demanded to

 
 
 
 

8. According to the model of aggregate supply and aggregate demand, in the long run, an increase in the money supply should cause.

 
 
 
 

9. To find the profit-maximizing level of output, a firm finds the output level where:

 
 
 
 

10. 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?

 
 
 
 

11. As compared to existing firms, a new firm entering in monopolist market has

 
 
 
 

12. Under the kinked demand curve model, an increase in marginal cost will lead to

 
 
 
 

13. If the money supply is fixed by the central bank then in interest rate money supply space, the money supply curve will be:

 
 
 
 

14. In the complete classical model, a rightward shift of the labor supply curve will

 
 
 
 

15. A good for which income and quantity demanded are inversely related is known as

 
 
 
 

16. 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?

 
 
 
 

17. The Total Cost (TC) function is given as $TC=200+5Q$. What is the fixed cost?

 
 
 
 

18. Indifference curves that are convex to the origin reflect:

 
 
 
 

19. Which of the following is TRUE for a Giffen good?

 
 
 
 

20. Intermediate goods are meant for

 
 
 
 

Economics MCQs 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

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MCQs Economics

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Online MCQs Economics 5

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There are 20 MCQs about Economics and this economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Online MCQs Economics for the preparation of Jobs and Economics Educational Examinations related such as Lecturer, Research Analyst, Economist, etc.

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Online MCQs Economics

  • The price elasticity of demand for any goods must be less than or equal to zero unless
  • In monopoly, which of the following is NOT true?
  • Under the kinked demand curve model, an increase in marginal cost will lead to
  • For a firm buying labor competitively, the marginal input cost is equal to the
  • The aggregate supply curve is the relationship between
  • The long-run aggregate supply curve will shift to the right if
  • A nation’s balance of payments can be affected by changes in
  • Real GDP is equal to
  • If we compare Gross Domestic Product (GDP) with Gross National (1) Product (GNP) then
  • In monopoly, which of the following is not true?
  • Which of the following is true about the supply curve under monopoly?
  • Which of the following events will lead toward cost-push inflation and therefore stagnation?
  • Double counting in national income refers to
  • To know the spending capacity of the household sector, we have to use the concept of
  • For a study of the long-term growth of the economy, we use
  • In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of
  • What is the interest rate effect that explains why the aggregate demand curve slopes downward?
  • Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
  • The real exchange rate is defined as the
  • The interest rate parity is the basis identity that relates to which of the following?
Online MCQs Economics

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Important Economics Quiz

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Online MCQs about the subject of Economics. There are 20 MCQs in all of these Economics Quiz and all these economics quizzes help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Click the link below to start with the Economics Quiz.

MCQs Economics Quiz with Answers

MCQS Economics 10
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The above all are online Multiple Choice Questions about Economics for the preparation of Jobs and Economics Educational Examinations such as Lecturer, Research Analyst, Economist, etc. The gmstat.com website is about online test preparation. It discusses economics, math, computer science, and other subjects. The economics section has plenty of multiple-choice questions. The quizzes cover topics related to microeconomics, inflation, marginal benefits, circular flow of goods, planned economy, demand and supply, and other economic concepts. These quizzes will help you to prepare for PPSC, FPSC, NAT, GAT, and many other testing services. it will also help in preparing for college and university admissions and degree examinations.

MCQs Economics Quiz with Answers

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Economics MCQs 4

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this Economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Let us start with the Online Economics Quiz.

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Online Economics MCQs with Answers

  • If total expenditure decreases with the rise in price elasticity of demand will be
  • Income elasticity shows the relationship between
  • The supply of land is
  • The shape of AR and MR under perfect competition is
  • The supply of perishable goods is
  • The quality of a commodity that satisfies human wants
  • The marginal cost curve always intersects the average cost curve at
  • During a year aggregate value of produced goods and services of a country is called
  • How many methods can be used for cultivation?
  • The reward for labour is
  • Due to devaluation exports become
  • The reward for capital is called
  • Personal income includes
  • Macro Economics was introduced by
  • If pen and ink are complements, then an increase in the price of the pen will cause
  • A market is said to be in equilibrium when
  • As more of a good is consumed, then total utility typically
  • A monopolistically competitive firm in short-run equilibrium
  • A monopolistically competitive firm in the long run equilibrium
  • The market structure in which strategic considerations are most important is
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