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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.

Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true ?

A it is efficient for the government to tax the resident €2,000 each and repair the road

B It is efficient for each neighbour to pay €3,000 to repair the section of street in front of his/her home

C None of these answers are true

D it is not efficient to have the street repaired

Review Detailed Answer

Correct Answer: it is efficient for the government to tax the resident €2,000 each and repair the road

A common resource is ?

A not rival but excludable

B both rival and excludable

C rival but not excludable

D neither rival nor excludable

Review Detailed Answer

Correct Answer: rival but not excludable

A private good is ?

A rival but not excludable

B not rival but excludable

C both rival excludable

D neither rival nor excludable

Review Detailed Answer

Correct Answer: both rival excludable

If one person’s consumption of a good diminishes other people’s use of the good, the good is said to be ?

A rival

B a good produced by a natural monopoly

C a common resource

D excludable

Review Detailed Answer

Correct Answer: rival

When the financial system lacks the capability of making judgement about investment opportunities due to asymmetric information leading to potentially bad credit risks lending is subject to ?

A adverse selection

B moral hazard

C social goods

D hyperinflation

Review Detailed Answer

Correct Answer: adverse selection

Which of the following is NOT true ?

A Taxes on international trade are the major source of tax revenue for low-income countries with poor administrative capacity

B import duties can restrict luxury goods consumption

C several LDCs have used value-added taxes to raise a substantial fraction of revenues

D Cascade tax a form of progressive tax, is dominant in DCs

Review Detailed Answer

Correct Answer: Cascade tax a form of progressive tax, is dominant in DCs

The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

A indirect taxes

B direct taxes

C inelastic

D value-added tax

Review Detailed Answer

Correct Answer: direct taxes

_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

A incomes policy

B Moral hazard

C Wagner’s law

D Fiscal policy

Review Detailed Answer

Correct Answer: Wagner’s law

By using fiscal policy, i (e) varying __ and/or _ governments achieve goals for output and employment growth as well as price stability?

A demand pull inflation tax elasticity

B interest rates, financial liberalization

C interest rates, tax rates

D tax rates, government spending

Review Detailed Answer

Correct Answer: tax rates, government spending

Demand pull inflation result from ?

A demand for government spending on public goods goes due to lack of financial backup through tax collection

B consumer business and government demand for goods and services in excess of an economy’s capacity to produce

C a shortage of demand for goods and services in excess of supply during depression

D demand for public goods is greater than demand for consumer goods

Review Detailed Answer

Correct Answer: consumer business and government demand for goods and services in excess of an economy’s capacity to produce

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true ?

A common resource is ?

A private good is ?

If one person’s consumption of a good diminishes other people’s use of the good, the good is said to be ?

When the financial system lacks the capability of making judgement about investment opportunities due to asymmetric information leading to potentially bad credit risks lending is subject to ?

Which of the following is NOT true ?

The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

By using fiscal policy, i (e) varying __ and/or _ governments achieve goals for output and employment growth as well as price stability?

Demand pull inflation result from ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true ?

A common resource is ?

A private good is ?

If one person’s consumption of a good diminishes other people’s use of the good, the good is said to be ?

When the financial system lacks the capability of making judgement about investment opportunities due to asymmetric information leading to potentially bad credit risks lending is subject to ?

Which of the following is NOT true ?

The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

By using fiscal policy, i (e) varying ______ and/or _____ governments achieve goals for output and employment growth as well as price stability?

Demand pull inflation result from ?

By using fiscal policy, i (e) varying __ and/or _ governments achieve goals for output and employment growth as well as price stability?