Question # 1

A tax 15 percent per imported item would be an example of a

Choose an answer

Ad valorem tariff

specific tariff

Effective tariff

Compound tariff

Productivity can grow.

Choose an answer

If capital per hour of labor increases.

If there are no technological advances.

If capital per hour of labor decreases

If real GDP per hour labor decrease and capital per hour of labor increases.

In pure competition.

Choose an answer

Strong rivaled exist

Cartels are formed

Both a and b

None of thes

A market is in equilibrium when

Choose an answer

Ac = P

MC = MR

AC =AR

TC =TR

The goal of a pure market economy is to best meet the desires of

Choose an answer

Consumers

Companies

Workers

The government

If an economy experience an increase in productivity it means that.

Choose an answer

the level of output has risen

Employees are working harder than before

Output per unit of input has risen

Technical change has taken place

Disposable incomes is equal to.

Choose an answer

National income Minus taxes

Real GDP

National income Minus taxes

National income Minus Taxes plus transfers

The earliest statement of the principle of comparative advantage is associated with.

Choose an answer

Adam Smith

David Ricardo

Eli Heckshcer

Berti Ohlin

A stable equilibrium requires that the marginal propensity to consume is.

Choose an answer

Less than zero

Zero

One

None of these

There is positive relationship between multiplier and.

Choose an answer

Marginal propensity to consume

Marginal propensity to save

Marginal efficiency of capital

all of these

Which of the following is most likely to benefit a debtor.

Choose an answer

Un anticipated deflation

Anticipated deflation

Unanticipated inflation

anticipated inflation

According to factor price equalization theorem the ______ factor should oppose free trade policies in any given country.

Choose an answer

Abundant

Scarce

Neither

Can't tell without more information

In order of practice price discrimination which of the following is needed.

Choose an answer

Some degree of monopoly power

An ability to separate the market

An ability to prevent reselling

All of the above

The production function will be affected by changes in the prices of.

Choose an answer

Inputs

Outputs

Neither

All of the above

The central economic problem in an economy refers to.

Choose an answer

The prevalence of unemployment

To allocate scarce resources between competing uses.

Consumers having less money than they would like

ensure that production costs are converted by sales revenue.

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

Choose an answer

Relative price

Elasticity

J- Curve

Pass through

Devaluation leads to.

Choose an answer

Increase in imports

Increase in exports

Decline in imports

None of the above

Which of the following would most likely shift the production possibilities curve for a nation outward.

Choose an answer

A reduction in unemployment

An increases in the production of capital goods

A reduction in discrimination

An increase in the production of consumer goods

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Choose an answer

the testes of consumer

The money income of cosumer

The price of related commodities

The price of the commodity

An indifference curve gives

Choose an answer

the actual combination of goods that consumer chooses

the minimum choice of the consumer

the highest level of satisfaction

None of these

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Choose an answer

Average total cost

Average variable cost

Average foxed cost

Marginal cost

More Classes

Other Links

PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer