Economics

MCQs Economics Quiz 7

by

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

 
 
 
 

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

 
 
 
 

3. Final goods are meant for

 
 
 
 

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

 
 
 
 

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

 
 
 
 

6. The supply curve for a competitive firm is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

10. A demand curve is price-elastic when

 
 
 
 

11. A currency appreciation

 
 
 
 

12. Deflation is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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. The traditional Phillips Curve shows the

 
 
 
 

18. Real Gross Domestic Product (GDP)

 
 
 
 

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

 
 
 
 

20. Marginal profit is equal to

 
 
 
 

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

https://itfeature.com

https://rfaqs.com

Economics MCQs with Answers 6

by

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.

Please go to Economics MCQs with Answers 6 to view the test

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

https://rfaqs.com

MCQs Economics

https://itfeature.com

Online MCQs Economics 5

by

There are 20 MCQs in 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.

Please go to Online MCQs Economics 5 to view the test

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

https://itfeature.com

https://rfaqs.com