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Economics Mcqs 4423 MCQs [All-Courses]

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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.

All Topics  4423

What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 – 1984 ?
A export quotas imposed by the Japanese government
B export tariffs imposed by the Japanese’s government
C import quotas imposed by the U.S government
D domestic subsidies granted by the U.S government
Correct Answer: export quotas imposed by the Japanese government
________ occurs when a firm disposes on foreign markets a temporary increases in inventories caused by unforeseen changes in supply and demand conditions in the home economy?
A sporadic dumping
B predatory dumping
C persistent dumping
D foreign dumping
Correct Answer: sporadic dumping
The form of international price discriminations (dumping) normally associated with economic recession or excess inventories in the exporting nation is known as ?
A Predatory dumping
B sporadic dumping
C persistent dumping
D year end dumping
Correct Answer: sporadic dumping
A tariff-rate quota is essentially a ?
A two tier tariff applied to a country’s imports
B three-tier tariff applied to a country’s imports
C two tier quota applied to a county’s exports
D three tier quota applied to a country’s exports
Correct Answer: two tier tariff applied to a country’s imports
Nontariff trade barriers could include all of the following except ?
A domestic content laws
B government procurement policies
C health, safety, and environmental standards
D antidumping/countervailing duties applied to imports
Correct Answer: antidumping/countervailing duties applied to imports
A(n) ________ is n example of a quota where foreigners hold quota licenses ?
A export quota
B embargo
C auction quota
D tariff quota
Correct Answer: export quota
The home country government can confiscate the revenue effect of an import quota if ?
A quota licenses are given to foreign exporting companies
B quota licenses are auctioned to the highest bidding importing company
C if quota licenses are given to domestic consumers of the good
D Both A and C
Correct Answer: quota licenses are auctioned to the highest bidding importing company
The welfare effects of a quota depend to a considerable extent upon ?
A who has the quota license
B the size of the quota
C elasticities of domestic demand and supply
D All of the above
Correct Answer: All of the above
___________ are quotas that lead to a complete abolishment of trade?
A embargoes
B voluntary export restraints
C nontariff barriers
D orderly marketing agreements
Correct Answer: embargoes
In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?
A Orderly marketing
B trigger pricing
C domestic content pricing
D dumping
Correct Answer: dumping
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