The term ‘real wage’ means the money wage adjusted in which way?
Correct answer C. Allowing for change in prices
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Economics MCQs
Page 104 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 104 of 131
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
Which measure taken by a government is intended to raise the price of imports?
Correct answer C. Tariffs
What is an essential feature of inflation?
Correct answer C. Increase in prices
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What is a very rapid rise in prices, in which money loses value so fast that barter may become preferable, known as?
Correct answer B. Hyper-inflation
Who regulates monetary policy?
Correct answer A. Central Bank
Who benefits most from inflation?
Correct answer A. Debtors
Which economic term describes one textile manufacturer taking over another?
Correct answer B. Horizontal integration
What does the phrase ‘terms of trade’ refer to?
Correct answer D. The rate at which exports are exchanged for imports
Which feature is more likely in a free market economy than in a planned economy?
Correct answer B. An incentive to innovate
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On what is a country’s national income based?
Correct answer A. The sum of all factors of income
How is hard currency defined?
Correct answer C. Currency traded in the foreign exchange market for which demand is persistently high relative to the supply
Which is regarded as the best measure of a country’s economic growth?
Correct answer C. GNP
Which payment instrument introduced by banks is known as plastic money?
Correct answer C. Credit Cards
Credit rating agencies do not rate which of the following?
Correct answer D. Shares
What is the smallest unit of ownership in a company?
Correct answer A. A share
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What are a company’s debenture holders?
Correct answer A. Creditors
In what terms is the rate of growth of an economy measured?
Correct answer C. National income
Which of the following is not needed when calculating Gross National Product (GNP)?
Correct answer A. Per capita income of citizens
If a country’s birth rate falls sharply while its death rate stays the same, what will it face?
Correct answer A. An ageing population
How can a government increase demand in its economy?
Correct answer A. Cut taxes