MCQsDrive | MCQsDrive

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.

In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?

A choose a price below the market equilibrium price

B allow the market to seek equilibrium on its own.

C Choose any price the planner wants because the losses to the sellers (buyers) from any change in price are exactly offset by the gains to the buyers (sellers).

D choose a price above the market equilibrium price

Review Detailed Answer

Correct Answer: allow the market to seek equilibrium on its own.

An increase in the price of a good along a stationary supply curve______________?

A increase producer surplus

B does all the things describe in these answers

C decrease producer surplus

D improves market equity

Review Detailed Answer

Correct Answer: increase producer surplus

Total surplus is the area_______________?

A above the supply curve and below the price

B below the demand curve and above the price

C below the demand curve and above the supply curve

D below the supply curve and above the price

Review Detailed Answer

Correct Answer: below the demand curve and above the supply curve

If a benevolent social planner chooses to produce more than the equilibrium quantity of a good, then ?

A the value placed on the last unit of production by buyers exceeds the cost of production

B the cost of production on the last unit produced exceeds the value placed on it by buyers.

C consumer surplus is maximized

D total surplus is maximized

Review Detailed Answer

Correct Answer: the cost of production on the last unit produced exceeds the value placed on it by buyers.

If a buyer’s willingness to pay for a new Honda is Rs20,000 and she is able to actually buy it for Rs18,000 her consumer surplus is ?

A Rs18,000

B Rs20,000

C Rs2,000

D Rs0.

Review Detailed Answer

Correct Answer: Rs2,000

Consumer surplus is the area ?

A below the demand curve and above the price.

B above the supply curve and below the price.

C above the demand curve and below the price.

D below the supply curve and above the price.

Review Detailed Answer

Correct Answer: below the demand curve and above the price.

Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

A an import tariffs

B a tariff rate quota

C a selective quota

D a global quota

Review Detailed Answer

Correct Answer: a global quota

Under a tariff- rate quota ?

A The within-quota tariff rate exceeds the over-quota tariff rate

B the over-quota tariff rate exceeds the with-quota tariff rate

C The within-quota tariff rate equals the over-quota tariff rate

D The within-quota tariff rate plus over-quota tariff rate equal 100 percent

Review Detailed Answer

Correct Answer: the over-quota tariff rate exceeds the with-quota tariff rate

The firm would maximize profit by selling computers in the United States at a price of ______ and _ computers in Japan at a price of ______?

A 200, $2,000, 100 $1,000

B 300, $1,800, 800 $800

C 300, $1,800, 400 $800

D 500, $1,400, 400 $800

Review Detailed Answer

Correct Answer: 500, $1,400, 400 $800

Buy national policies ?

A result in government purchase policies favoring domestic over foreign producers

B result in government purchase policies favoring foreign over domestic producers

C attempt to restrict the number of tourists leaving a nation

D are intended to publicize the advantage of the most efficient domestic companies

Review Detailed Answer

Correct Answer: result in government purchase policies favoring domestic over foreign producers

Showing 1961 to 1970 of 4423 results

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?

An increase in the price of a good along a stationary supply curve______________?

Total surplus is the area_______________?

If a benevolent social planner chooses to produce more than the equilibrium quantity of a good, then ?

If a buyer’s willingness to pay for a new Honda is Rs20,000 and she is able to actually buy it for Rs18,000 her consumer surplus is ?

Consumer surplus is the area ?

Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

Under a tariff- rate quota ?

The firm would maximize profit by selling computers in the United States at a price of ______ and _ computers in Japan at a price of ______?

Buy national policies ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?

An increase in the price of a good along a stationary supply curve______________?

Total surplus is the area_______________?

If a benevolent social planner chooses to produce more than the equilibrium quantity of a good, then ?

If a buyer’s willingness to pay for a new Honda is Rs20,000 and she is able to actually buy it for Rs18,000 her consumer surplus is ?

Consumer surplus is the area ?

Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

Under a tariff- rate quota ?

The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?

Buy national policies ?

The firm would maximize profit by selling computers in the United States at a price of ______ and _ computers in Japan at a price of ______?