Which political and economic system has the government owning and controlling the means of production for the benefit of all the people?
Correct answer C. Socialism
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Economics MCQs
Page 99 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 99 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 a share or interest in an enterprise, especially a financial one, called?
Correct answer C. Stake
When supply exceeds demand, sellers cut prices to stimulate sales; when demand exceeds supply, prices rise as buyers compete. What is this economic theory called?
Correct answer A. Supply and Demand theory
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What is the active management of resources to give the greatest present benefit without compromising the potential benefits for future generations called?
Correct answer B. Sustainable development
What does the term technology refer to?
Correct answer C. Application of science to achieve a commercial or industrial objective
What does the phrase trade balance refer to?
Correct answer A. Difference between imports and exports
What is the mark placed on goods or their wrappers to show that they belong to a particular trader called?
Correct answer C. Trade Mark
Which of the following does the term underemployed indicate?
Correct answer D. All of them
What is the estimated value that is added to a product or material at each stage of its manufacture or distribution known as?
Correct answer A. Value added
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What is meant by artificial currency?
Correct answer B. A currency substitute
An outside professional examines a company’s accounting records to check whether they are kept in line with generally accepted accounting principles. What is this examination called?
Correct answer A. Audit
Which market is described as a bear market?
Correct answer C. Market with a prolonged period of falling stock prices
What is the price that a potential buyer is willing to pay for a security called?
Correct answer A. Bid
Which bonds are not registered in the issuer’s books?
Correct answer B. Bearer bond
Shareholders elect individuals to carry out certain duties laid down in a corporation’s charter. What are these individuals called?
Correct answer B. Board of Directors
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What is the covering of a short position by buying a long contract, usually after a commodity has been sold short, called?
Correct answer C. Buyback
What is the price called at which a bond’s issuer may redeem part of the bond on a specified call date?
Correct answer A. Call price
What does the French term ‘Bourse’ refer to?
Correct answer C. Stock market
What is the tax levied on profits from the sale of capital assets called?
Correct answer C. Capital gains tax
What is the price of the last transaction in a particular stock during a day’s trading session on an exchange called?
Correct answer D. Closing Price