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

During the post-world War II era?
A Nontariff barriers (NTBs) and tariffs have increased in relative importance
B NTBs and tariffs have decreased in relative importance
C NTBs have increased and tariffs have decreased in relative importance
D NTBs have decreased and tariffs have increased in relative importance
Correct Answer: NTBs have increased and tariffs have decreased in relative importance
Referring to the above, the embargo was mainly resisted by ?
A U.S grains consumers and producers of bread
B U.S farmers and grains companies
C Grain Producers in foreign countries
D Grain consumers in foreign countries
Correct Answer: U.S farmers and grains companies
Economic sanctions?
A are prohibited by the World Trade Organization
B affect international trade but not international financial flows
C involve restrictions on imports, but not exports
D involve restrictions in imports exports and or financial flows
Correct Answer: involve restrictions in imports exports and or financial flows
A progressive tax system is one where ?
A marginal tax rates are high.
B higher income taxpayers pay more taxes than do lower income taxpayers.
C marginal tax rates are low.
D higher income taxpayers pay a greater percentage of their income in taxes than do lower income taxpayers.
Correct Answer: higher income taxpayers pay a greater percentage of their income in taxes than do lower income taxpayers.
The appropriate tax rate to consider judging the vertical equity of a tax system is the ?
A marginal tax rate
B average tax rate
C horizontal tax rate
D proportional tax rate
Correct Answer: average tax rate
An efficient tax ?
A minimizes the administrative burden form the tax
B does all the things describe in these answers
C raises revenue at the smallest possible cost to taxpayers.
D minimize the deadweight loss from the tax.
Correct Answer: does all the things describe in these answers
Sana values a pair of blue jeans at Rs400. If the price is Rs350 Sana buys the jeans and generates consumer surplus of Rs50 Suppose a tax is placed on blue jeans that causes the price of blue jeans to rise to Rs450 Now sana chooses not to buy a pair of?
A the deadweight has demonstrated
B the ability-to-pay principle
C the benefits principle
D horizontal equity
Correct Answer: the deadweight has demonstrated
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?
A caused a deadweight loss
B decreased equity
C generated no tax revenue
D increased efficiency
Correct Answer: caused a deadweight loss
If a tax on a good is doubled the deadweight loss from the tax ?
A doubles
B stays the same
C increase by a factor of four.
D could rise or fall
Correct Answer: increase by a factor of four.
When a tax on a good start small and is gradually increased tax revenue ?
A will fall
B will rise
C will first rise and then fall
D will first fall and then rise
Correct Answer: will first rise and then fall
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.