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Economics Mcqs 4423 MCQs [All-Courses]

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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

Supply side policies are considered effective in ?
A Increasing government expenditure
B reducing taxation
C increasing the money supply
D encouraging technological progress
Correct Answer: encouraging technological progress
Identify below what does NOT affect productivity ?
A Public investment in education
B Innovation and the application of new technology
C The phase of the lunar cycle
D Private investment in new physical caital
Correct Answer: The phase of the lunar cycle
Policies to encourage productivity do not include ?
A building more retail outlets
B encouraging risk-taking
C encouraging innovation
D encouraging R & D
Correct Answer: building more retail outlets
The percentage of the working age population that is part of the workforce is known as the ?
A workers
B non-slackers
C diligent rate
D participation rate
Correct Answer: participation rate
The golden-rule saving rate is the rate of saving that ?
A gets the highest rate of interest
B maximizes the level of long-run investment
C maximizes the level of long-run consumption
D maximizes human capital
Correct Answer: maximizes the level of long-run consumption
Identify below what is NOT considered to be a cause of economic growth ?
A An increase in the quantity of labor and capital
B An increase in labor productivity
C An increase in the money supply
D An increase in technology
Correct Answer: An increase in the money supply
Economic growth is important because ?
A People want less crime
B People want to be happier
C People want a better environment
D People want higher incomes and more consumer goods.
Correct Answer: People want higher incomes and more consumer goods.
The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of ?
A p = Z
B P = MC + Z
C p = MC
D P = MC – Z
Correct Answer: P = MC + Z
Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?
A restrict; promote
B restrict; restrict
C promote; promote
D promote; restrict
Correct Answer: promote; restrict
In the UK, electricity industry parts are a ____ and other parts are ___ ?
A nationalized; privatized
B natural monopoly; potentially competitive
C cartel; a sellers’ market
D monopolistic competition duopoly
Correct Answer: natural monopoly; potentially competitive
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