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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.

The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

A balance of payments on current account

B visible trade balance

C balance of trade

D balance of payments

Review Detailed Answer

Correct Answer: balance of payments on current account

The record of country’s imports and exports of goods is called its ?

A balance of trade:

B balance of payments

C balance of payments on current account

D visible trade balance

Review Detailed Answer

Correct Answer: visible trade balance

If VAT rates rise, then costs are likely to _ and demand is likely to __?

A rise; rise

B rise; fall

C fall; fall

D fall; rise

Review Detailed Answer

Correct Answer: rise; fall

Government policies that focus on changing interest rates are called ?

A fiscal policies

B monetary policies

C supply-side policies

D incomes policies

Review Detailed Answer

Correct Answer: monetary policies

Government policies that focus on increasing production rather than demand are called ?

A fiscal policies

B monetary policies

C supply-side policies

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Correct Answer: supply-side policies

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

A real balance effect.

B cash ratio.

C money illusion.

D menu costs of inflation.

Review Detailed Answer

Correct Answer: real balance effect.

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

A Regional

B structural

C seasonal

D demand-deficient

Review Detailed Answer

Correct Answer: seasonal

Unemployment resulting from imperfect information in the labour market is called ____ unemployment?

A Frictional

B natural

C real-wage

D disequilibrium

Review Detailed Answer

Correct Answer: Frictional

Aggregate supply is the total amount ?

A of products produced by a given industry.

B produced by the government

C of labour supplied by all households

D of goods and services produced in an economy.

Review Detailed Answer

Correct Answer: of goods and services produced in an economy.

Cyclical unemployment is the ?

A Portion of unemployment that is due to the normal working of the labour market

B Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries.

C Unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work.

D Unemployment that occurs during recessions and depressions.

Review Detailed Answer

Correct Answer: Unemployment that occurs during recessions and depressions.

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

The record of country’s imports and exports of goods is called its ?

If VAT rates rise, then costs are likely to _ and demand is likely to __?

Government policies that focus on changing interest rates are called ?

Government policies that focus on increasing production rather than demand are called ?

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

Unemployment resulting from imperfect information in the labour market is called ____ unemployment?

Aggregate supply is the total amount ?

Cyclical unemployment is the ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

The record of country’s imports and exports of goods is called its ?

If VAT rates rise, then costs are likely to ___ and demand is likely to ____?

Government policies that focus on changing interest rates are called ?

Government policies that focus on increasing production rather than demand are called ?

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

Unemployment resulting from imperfect information in the labour market is called ____ unemployment?

Aggregate supply is the total amount ?

Cyclical unemployment is the ?

If VAT rates rise, then costs are likely to _ and demand is likely to __?