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.

Throughout the world, governments tend to auction quota licenses to their highest bidder ?

A always

B often

C seldom

D never

Review Detailed Answer

Correct Answer: seldom

To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?

A Koreans are selling DVDs in the U.S below their production cost

B Koreans are selling DVDs is the U.s above their productions cost

C The cost of manufacturing DVDs in Korea is lower in Korea than in the U.S since wages are lower in Korea

D The cost of manufacturing DVDs in Korea is higher in Korea than in the U.S since wages are higher in Korea

Review Detailed Answer

Correct Answer: Koreans are selling DVDs in the U.S below their production cost

Import quotas tend to result in all of the following except ?

A domestic producers of the imported good being harmed

B domestic consumers of the imported good being harmed

C Prices increasing in the importing country

D Prices falling in the exporting country

Review Detailed Answer

Correct Answer: domestic producers of the imported good being harmed

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

A foreign corporations

B foreign workers

C domestic corporations

D The domestic government

Review Detailed Answer

Correct Answer: The domestic government

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _ and the deadweight loss of the subsidy to the Canadian economy equals _____?

A 20 calculator, $50

B 20 calculator, $100

C 25 calculator, $50

D 25 calculator, $100

Review Detailed Answer

Correct Answer: 20 calculator, $50

In the absence of trade, Canada’s equilibrium price and quantity equal ?

A $65 and 40 calculators

B $55 and 20 calculators

C $45 and 25 calculators

D $30 and 40 calculators

Review Detailed Answer

Correct Answer: $45 and 25 calculators

During periods of growing domestic demand, an import quota ?

A is less restrictive on a country’s imports than a tariff

B Is more restrictive on a country’s imports than a tariff

C has the same restrictive effect on a country’s imports as a tariff

D will always generate increased tax revenue for the government

Review Detailed Answer

Correct Answer: Is more restrictive on a country’s imports than a tariff

To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will __ and its producer surplus will _ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

A increase, increase

B increase, decrease

C decrease, increase

D decrease, decrease

Review Detailed Answer

Correct Answer: decrease, increase

In the absence of traded, Norway’s equilibrium price and quantity equal ?

A $1,500 and 2,800 computers

B $2,000 and 1,600 computers

C $2,500 and 2,000 computers

D $3,500 and 2,000 computers

Review Detailed Answer

Correct Answer: $2,500 and 2,000 computers

Antidumping duties are used to ?

A offset the margin of dumping

B punish domestic consumers for buying high-priced imported goods

C discourage foreign governments from subsidizing their exporters

D reduce the tariff revenue of the domestic government

Review Detailed Answer

Correct Answer: offset the margin of dumping

Showing 1981 to 1990 of 4423 results

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Throughout the world, governments tend to auction quota licenses to their highest bidder ?

To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?

Import quotas tend to result in all of the following except ?

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _ and the deadweight loss of the subsidy to the Canadian economy equals _____?

In the absence of trade, Canada’s equilibrium price and quantity equal ?

During periods of growing domestic demand, an import quota ?

In the absence of traded, Norway’s equilibrium price and quantity equal ?

Antidumping duties are used to ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Throughout the world, governments tend to auction quota licenses to their highest bidder ?

To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?

Import quotas tend to result in all of the following except ?

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _____ and the deadweight loss of the subsidy to the Canadian economy equals _________?

In the absence of trade, Canada’s equilibrium price and quantity equal ?

During periods of growing domestic demand, an import quota ?

In the absence of traded, Norway’s equilibrium price and quantity equal ?

Antidumping duties are used to ?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _ and the deadweight loss of the subsidy to the Canadian economy equals _____?