What happens to national income when saving is greater than investment?
Correct answer B. Fall
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Economics MCQs
Page 117 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 117 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
Devaluing a currency helps to promote which of these?
Correct answer D. Exports
Which company holds the world record for the largest number of shareholders?
Correct answer B. Reliance Industries Ltd
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On a stock market, who is a ‘lame duck’?
Correct answer A. A member of the stock exchange who cannot meet his obligations
What is a tax called when it is paid by the same person on whom it is imposed?
Correct answer A. Direct tax
Which measure represents a country’s standard of living?
Correct answer B. Per capita income
What are transfer payments?
Correct answer C. The payment without work
What would reduce the role of central planning in an economy?
Correct answer B. Increasing the role of markets
What is measured by the price elasticity of demand?
Correct answer A. The responsiveness of demand to price changes
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What does the term ‘stagflation’ mean?
Correct answer B. High inflation rate combined with high unemployment and unchanged consumer demand
Which method is used to measure national income?
Correct answer D. All of the above
Which description best defines GNP?
Correct answer B. The market value of all goods and services produced in an economy
How is net investment defined?
Correct answer C. Gross investment minus capital consumption allowance
Which of these is NOT counted as consumption spending?
Correct answer C. A household's purchase of shares in XYZ Corporation
Which of these is a withdrawal (leakage) from the circular flow of income?
Correct answer B. Taxation
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Which statement about economic development is correct?
Correct answer A. Means improvement in lifestyle
Which of these is most likely to make the distribution of income more even?
Correct answer D. An increase in progressive taxation
What does a budget deficit mean?
Correct answer D. Total expenditure is more than total revenue
Why is gross national income always larger than net national income?
Correct answer A. Capital consumption allowance
What does the law of demand state?
Correct answer C. When price increases, demand decreases