Online MCQs Economics 5

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.

Online Multiple Choice Questions about Economics for the preparation of M.Phil., Ph.D. Admissions, and job-related examinations

1. If we compare Gross Domestic Product (GDP) with Gross National
(1) Product (GNP) then

 
 
 
 

2. Which of the following events will lead toward cost-push inflation and therefore stagnation?

 
 
 
 

3. For a study of the long term growth of the economy, we use

 
 
 
 

4. For a firm buying labor competitively, the marginal input cost is equal to the

 
 
 
 

5. A nation’s balance of payments can be affected by changes in

 
 
 
 

6. The real exchange rate is defined as the

 
 
 
 

7. To know the spending capacity of the household sector, we have to use the concept of

 
 
 
 

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

 
 
 
 

9. Which of the following economists came up with a theory regarding the tradefoff between unemployment and inflation?

 
 
 
 

10. The interest rate parity is the basis identity that relates to which of the following?

 
 
 
 

11. The long-run aggregate supply curve will shift to the right if

 
 
 
 

12. In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of

 
 
 
 

13. What is the interest rate effect that explains why the aggregate demand curve slopes downward?

 
 
 
 

14. Real GDP is equal to

 
 
 
 

15. In monopoly, which of the following is not true?

 
 
 
 

16. The price elasticity of demand for any goods must be less than or equal to zero unless

 
 
 
 

17. The aggregate supply curve is the relationship between

 
 
 
 

18. Which of the following is true about the supply curve under monopoly?

 
 
 
 

19. Double counting in national income refers to

 
 
 
 

20. In monopoly, which of the following is NOT true?

 
 
 
 

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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Economics Quiz 2025

Online MCQs about the subject of Economics. There are 20 MCQs in each quiz. These quizzes will help you prepare for 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.

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The above 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.

Macroeconomics: Macroeconomics studies large-scale economic factors like GDP, inflation, unemployment, and fiscal/monetary policies. It analyzes national and global economies to guide growth, stability, and policy decisions. Essential for understanding market trends and economic health!

MCQs Economics Quiz with Answers

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Economics MCQs 4

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 MCQs Quiz.

Please go to Economics MCQs 4 to view the test

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
Online Economics MCQs with Answers

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