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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

hich of the following is not a property required of a perfect voting system ?

A The median voter always wins

B no dictators

C independence of irrelevant

D transitivity

Review Detailed Answer

Correct Answer: The median voter always wins

Refer to Figure 1 What percent of the population vote for A when the choice is between A and B ?

A 75 percent

B 35 percent

C 60 percent

D 40 percent

Review Detailed Answer

Correct Answer: 60 percent

A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?

A transitivity

B impossibility

C independence

D unanimity

Review Detailed Answer

Correct Answer: transitivity

Which of the following is not a method firms use to avoid the moral hazard problem in the employment relationship ?

A They pay employees with delayed compensation such as a year-end bonus

B They buy life insurance on their workers

C They pay above equilibrium wages

D They put hidden video cameras in the workplace

Review Detailed Answer

Correct Answer: They buy life insurance on their workers

Which of the following is an example of a signal that is used to reveal private information ?

A Enzo carefully chooses a special gift for Josephine

B Josephine earns her MBA from the Harvard Business School

C Lexus advertises its cars during the football World Cup Final.

D All of these answers are correct

Review Detailed Answer

Correct Answer: All of these answers are correct

Markus is a travelling salesman for an apparel company. In this employment relationship, Markus is the ?

A agent

B principle

C screener

D signaler

Review Detailed Answer

Correct Answer: agent

Jamil’s car is in need of repair, so John decides to sell it avoid the repair bill. Unaware of the problem, Shahab buys the car. This is an example of ?

A hidden actions

B adverse selection

C moral hazard

D adverse selection

Review Detailed Answer

Correct Answer: hidden actions

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

hich of the following is not a property required of a perfect voting system ?

Refer to Figure 1 What percent of the population vote for A when the choice is between A and B ?

A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?

Which of the following is not a method firms use to avoid the moral hazard problem in the employment relationship ?

Which of the following is an example of a signal that is used to reveal private information ?

Markus is a travelling salesman for an apparel company. In this employment relationship, Markus is the ?

Jamil’s car is in need of repair, so John decides to sell it avoid the repair bill. Unaware of the problem, Shahab buys the car. This is an example of ?