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Economics Mcqs 4423 MCQs [All-Courses]

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Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

All Topics  4423

De-regulation is where the government ?
A removes barriers to entry
B imposes higher standards of conduct
C removes barriers to entry and minimum product quality standards
D breaks up private sector monopolies.
Correct Answer: removes barriers to entry
Privatization is the transfer of ?
A corporately owned businesses to individuals
B publicly held stock to private individuals.
C government businesses to the private sector
D privately owned businesses to the government sector
Correct Answer: government businesses to the private sector
A firm charging different buyers’ different prices for the same product is practicing ?
A Competitive pricing.
B Price discrimination
C price discounting.
D price fixing.
Correct Answer: Price discrimination
A merger in which firms at various stages in a production process combine is a ?
A production merger
B vertical merger
C conglomerate merger.
D horizontal merger
Correct Answer: vertical merger
A merger between a paper producer and a book publisher is an example of?
A a conglomerate merger.
B a horizontal merger
C a complementary products merger.
D a vertical merger
Correct Answer: a vertical merger
A horizontal merger is a merger of?
A firms producing unrelated products
B firms producing complementary products
C firms at various stages in a production process.
D firms producing the same product
Correct Answer: firms producing the same product
Supporters of antimonopoly enforcement argue that the real gain from such enforcement ?
A is that if encourages firms to engage in research which leads to new products
B is the revenue generated from the fines paid by those individuals who are found guilty of antitrust violation?
C Is that this policy serves to deter firms from engaging in such practices as collusion, price-fixing and deceptive advertising
D is that it forces firms to produce efficiently.
Correct Answer: Is that this policy serves to deter firms from engaging in such practices as collusion, price-fixing and deceptive advertising
Which city has the following transport policy ?
A Car licenses are very expensive vehicle entry to the city center is very restricted road pricing is being introduced and modern cheap rail transport is being expanded.
B London
C Athens
D Singapore
Correct Answer: Singapore
Evidence suggests that the price elasticity of demand for motoring is ?
A absolutely inelastic
B Unitarily elastic
C Elastic
D inelastic
Correct Answer: Unitarily elastic
Spending on motoring as a % of household expenditure in the UK shows that motoring is ?
A Environmentally damaging
B an inferior good
C a potential public good
D a superior good
Correct Answer: a superior good
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