Which of these best defines price discrimination?
Correct answer B. Selling a product of given quality and cost per unit at different prices to different buyers
Subject / 2,616 questions
Economics MCQs
Page 19 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 19 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 sector is the largest in Pakistan’s economy?
Correct answer C. Agriculture
What is money?
Correct answer C. Anything that is generally accepted as a medium of exchange
Advertisement
Which of these is an example of fiat money?
Correct answer C. Paper euros
Which statement about money is NOT true?
Correct answer D. All the wealth that people hold, in whatever form, should be considered as money
If banks keep a reserve ratio of 20 percent, what is the money multiplier?
Correct answer D. 5
Reserve requirements set by a central bank state that banks’ reserves must be at least a minimum percentage of what?
Correct answer D. Deposits
What is the refinancing rate?
Correct answer B. The interest rate the European Central Bank charges on loans to banks
If all banks keep a 100 percent reserve ratio, what happens when someone deposits Rs 1,000 of currency in a bank?
Correct answer E. The money supply is unaffected
Advertisement
Which of the following statements is NOT true?
Correct answer A. Commercial banks may borrow from and lend to each other, and the interest rate at which they do this is called the refinancing rate
What is money that the government requires people to accept in settlement of debts called?
Correct answer A. Legal tender
How is a current (checking) account deposit treated on a bank’s balance sheet?
Correct answer B. A liability
What is the difference between a bank’s actual reserves and its required reserves called?
Correct answer A. Excess reserves
A bank has excess reserves available but cannot find anyone to borrow them. What effect does this have on the money multiplier?
Correct answer A. Reduce
If the quantity of money demanded is greater than the quantity supplied, what happens to the interest rate?
Correct answer B. Rise
Advertisement
Which of these events would increase the demand for money?
Correct answer D. An increase in the level of aggregate output
What is the main reason people hold money in order to buy things called?
Correct answer C. Transactions motive
What determines the opportunity cost of holding money?
Correct answer B. The interest rates
In the context of money demand, what does the interest rate represent?
Correct answer D. The opportunity cost of holding money
What sequence of events follows an expansionary monetary policy?
Correct answer C. Money supply increases, the interest rate decreases, planned investment increases, aggregate output increases and money demand increases