M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Economics Mcqs 4423 MCQs [All-Courses]

thumb


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

According to the human capital view of education ?
A has no impact on the human capital of workers?
B increases human capital and the wages of workers
C can make any worker into a superstar
D only helps firms sort workers into high ability and low-ability workers.
Correct Answer: increases human capital and the wages of workers
According to the signaling view of the education ?
A can make any worker into a superstar
B increases human capital and the wages of workers
C only helps firms sort workers into high ability and low-ability workers
D reduces the wage gap between high-skill and low-skill workers.
Correct Answer: only helps firms sort workers into high ability and low-ability workers
If two jobs require the same amount of skills and experience the job that pays the most is most likely to be the one that is ?
A unpleasant
B all these answers
C safe
D fun
Correct Answer: unpleasant
Which of the following is true regarding the earning of attractive versus unattractive workers ?
A Attractive people tend to earn less because attractive people are viewed as shallow and more self-absorbed and therefore, as less productive
B Attractive people tend to earn more because they may actually have a larger value of marginal product
C Attractive people tend to earn more because attractive people usually have greater human capital
D Attractive people tend to earn less because attractive people usually have less human capital
Correct Answer: Attractive people tend to earn more because they may actually have a larger value of marginal product
Which of the following professionals is most likely to be able to generate the income of a superstar ?
A the best professor
B the best writer
C All of these answers participate in markets that could generate a superstar
D The best accountant
Correct Answer: the best writer
In order for a market to support superstars it must have which of the following characteristics ?
A It must be involved in professional athletics
B Every customer must be indifferent to the price they pay, and the seller must be a competitor in the market for the product
C Every customer must be willing to pay an enormous amount for the product and the product must be a necessity
D Every customer must want the good supplied by the best producer and the technology must exist for the best producer to supply every customer at low cost
Correct Answer: Every customer must want the good supplied by the best producer and the technology must exist for the best producer to supply every customer at low cost
Competitive markets tend to ?
A Increase labor market discrimination because some workers can charge more for their services than other workers in a competitive market
B have no impact on labour market discrimination
C reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
D increase labour market discrimination because bigoted employers can charge any price they want in a competitive market to cover the cost of their discrimination
Correct Answer: reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
Which of the following is not a reason why some workers are paid above the equilibrium wage ?
A minimum-wage laws
B efficiency wages
C unions
D beauty
Correct Answer: beauty
Which of the following explanations of wage differentials is not likely to be true ?
A Men have more human capital than women
B Employers in competitive markets are bigots
C Men have more job experience than women
D None of the above
Correct Answer: Employers in competitive markets are bigots
A profit-maximizing firm will hire labour until _____ equals the _______?
A marginal revenue, marginal cost
B long run marginal revenue, long run marginal cost
C labor output ratio, capital output ratio
D marginal cost of labor, marginal revenue product
Correct Answer: marginal cost of labor, marginal revenue product
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.