M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Economics Mcqs 4423 MCQs [All-Courses]

thumb


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

A progressive income tax means that those with a higher income pay ?
A a higher percentage of their income in taxes then low income people
B a lower percentage of their income in taxes than low income people
C the same percentage of their income in taxes as low income people all the taxes in the economy.
D all the taxes in the economy
Correct Answer: a higher percentage of their income in taxes then low income people
The marginal tax rate is ?
A the tax rate you pay on any additional income that you earn.
B the total amount of tax you pay divided by your total income
C the additional tax you pay divided by your total income
D your total income divided by the total amount of tax you pay.
Correct Answer: the tax rate you pay on any additional income that you earn.
Vertical equity holds that ?
A those will equal ability to pay should bear equal tax burdens.
B those who benefit the most from government service should bear the higher tax burden
C those with equal ability to pay should bear unequal burdens
D those with greater ability to pay should pay more
Correct Answer: those with greater ability to pay should pay more
A Gini coefficient of zero means that the ?
A the income is split equally between the top 20% and the rest of the distribution
B one person has all the income and every one else has nothing
C all the income is received by the top 20% of the income distribution
D income is equally distributed
Correct Answer: all the income is received by the top 20% of the income distribution
Supply of land in a given use ?
A will be perfectly inelastic in the long run. but upward sloping in the short run
B is perfectly inelastic since there is a fixed amount of land
C is perfectly elastic since there is fixed amount of land
D will be upward sloping because as land becomes more valuable in once use, the amount of land made available for that use will increase
Correct Answer: will be upward sloping because as land becomes more valuable in once use, the amount of land made available for that use will increase
The stock of knowledge, skills and talents that people possess is called ?
A training investment
B skill capital
C skill-building investment
D human capital
Correct Answer: human capital
Unemployment benefits may increase the unemployment rate because unemployment benefits ?
A encourage people to quit their jobs
B reduce the cost of job search
C enable people to quit searching for work
D reduce the benefits of additional job searching
Correct Answer: reduce the cost of job search
If output price is constant, the marginal revenue product of labour curve will have the same shape as the ?
A total variable cost curve
B marginal cost curve
C total product of labour curve
D marginal product of labour curve
Correct Answer: marginal product of labour curve
The marginal revenue product of labour is ?
A the marginal product of capital times the price of labour.
B the additional revenue a firm earns by employing on additional unit of labour
C the additional profit a firms earns by employing one additional unit of labour
D the additional revenue the firm makes by selling one unit of labour.
Correct Answer: the additional revenue the firm makes by selling one unit of labour.
New technology in the form of computer spreadsheets has increased the productivity of accountants. This will cause ?
A the demand curve for accountants to shift to the right, since the productivity of accountants has increased
B firms to move up their demand curves for accountants
C the demand curve for accountants to shift to the left, since it requires fewer accountants than it did before to do the same amount of work.
D firms to move down their demand curves for accountants
Correct Answer: the demand curve for accountants to shift to the right, since the productivity of accountants has increased
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.