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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

The Keynesian remedy for unemployment is to ?
A decrease aggregate demand
B reduce tax rates or lower interest rates
C decrease government spending
D decrease private consumption and investment
Correct Answer: decrease private consumption and investment
Which of the following is not TRUE about rural urban migration ?
A Migration to the cities is a larger contributor than natural population growth to urban labor growth is sub Saharan Africa
B In Latin America natural population increase is the major source of urban growth
C From 1975 to 2000 the number of cities in LDC with populations over 1 million increased from 20 to 50
D The urban share of total LDC population grew from 27 percent in 1975 and 35 percent in 1992 to 40 percent in 2003
Correct Answer: In Latin America natural population increase is the major source of urban growth
The theoretical basis for zero marginal productivity of labor was the concept of ?
A marginal rate of substitution
B labor force literacy
C substitution of leisure and work among labor
D limited technical sustainability of factors
Correct Answer: limited technical sustainability of factors
The invisibly underemployed ?
A are workers who are compelled to work short hours
B result from an inadequate use of workers capacities
C are part-time workers who voluntarily work short hours
D None of the above is correct
Correct Answer: result from an inadequate use of workers capacities
Which of the following is not TRUE about unemployed in LDCs ?
A The unemployment rate for youths is twice that of people over 24
B Unemployment in rural areas is twice that of urban areas
C World-wide there are fewer unemployed females than males, but the rate is higher for women
D The unemployed are relatively well educated
Correct Answer: World-wide there are fewer unemployed females than males, but the rate is higher for women
The openly unemployed in LDCs are usually from all of the following except ?
A persons 15 to 24 years old
B the educated
C residents of urban areas
D from the poorest 1/5 of the population
Correct Answer: from the poorest 1/5 of the population
Which of the following is not capita good ?
A plant and equipment
B buildings
C inventories
D consumers goods
Correct Answer: consumers goods
Entrepreneurship is the ?
A technique to manage raw materials efficiently
B residual of a production function
C resource coordinating other productive resources
D blueprint on how to manage the labor force
Correct Answer: resource coordinating other productive resources
The simplest explanation based on Lewis’s model for rural-urban migration is ?
A That people migrate when urban wages exceed rural wages
B a higher expected income in urban areas
C better infrastructure in urban areas
D the availability of labor-intensive jobs in urban areas
Correct Answer: a higher expected income in urban areas
According to Harris and Todaro, creating urban jobs by expanding industrial output ?
A is insufficient for solving the urban unemployment problem
B will generate capital-intensive technologies
C will generate more government revenue through urban wages
D induces government to increase minimum wages
Correct Answer: will generate capital-intensive technologies
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