What is the term for the average income of a country’s people over a year?
Correct answer B. Per capita Income
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Economics MCQs
Page 116 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 116 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
What is the central market where all kinds of securities are bought and sold called?
Correct answer C. Stock Exchange
Deregulation reduces the government’s role in which area?
Correct answer A. Controlling markets
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Which description of ‘Euro’ is correct?
Correct answer C. Both of them
What is a large payment to a senior employee who is forced into retirement called?
Correct answer B. Golden handshake
What is a falling stock market called?
Correct answer A. Bearish
What is the term for a situation of rising unemployment together with inflation?
Correct answer D. Stagflation
Which of these is regarded as a factor of production?
Correct answer A. Capital
Which type of income is earned only by enterprise (the entrepreneur) as a factor of production?
Correct answer A. Profit
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Which account must always balance?
Correct answer D. The balance of payments
Which of these can be used to check inflation temporarily?
Correct answer A. Decrease in tax
What is a period of high inflation combined with low economic growth called?
Correct answer C. Stagflation
What does devaluation mean?
Correct answer B. Lowering of the value of one currency in comparison with some foreign currency
Who is associated with the quote ‘The business of business is business’?
Correct answer B. Milton Friedman
Which group tends to suffer most from inflation?
Correct answer A. Creditors
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Which government policy could help to reduce inflation?
Correct answer B. Reducing government expenditure
What can a central bank raise in order to discourage consumer borrowing?
Correct answer D. Interest rates
Which is the most industrialised country in Asia?
Correct answer A. Japan
What is meant by black money?
Correct answer A. Income on which payment of tax is usually evaded
Which function do both commercial banks and central banks perform?
Correct answer B. Dealing in foreign exchange