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Economics Mcqs 4423 MCQs [All-Courses]

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.

The substitution effect of a rise in the price of labour will the quantity of labour and the output, effect will it

A increase; increase

B increase; reduce

C reduce; reduce

D reduce; increase

Review Detailed Answer

Correct Answer: reduce; reduce

A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ?

A different preferences for the type of work they are willing to do

B different levels of job experience

C all of these answers are correct

D different levels of education

Review Detailed Answer

Correct Answer: all of these answers are correct

Which of the following statements regarding discrimination is true ?

A The existence of a wage differential among groups is strong evidence of discrimination in the labour market

B Discrimination can only persist in a competitive labour market it customers are willing to pay to maintain the discriminatory practice or the government requires discrimination

C Bigoted employers are the main source of a persistent discriminatory wage differential in a competitive market

D Discrimination cannot exist in a competitive labor market

Review Detailed Answer

Correct Answer: Discrimination can only persist in a competitive labour market it customers are willing to pay to maintain the discriminatory practice or the government requires discrimination

It is not considered discrimination when an employer offers different opportunities to individuals that differ only by them ?

A productivity

B age

C sex

D race

Review Detailed Answer

Correct Answer: productivity

Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?

A decrease in the demand for unskilled workers because of increases in technology and increases in international trade

B increase in the number of unskilled workers available due to immigration into the UK.

C decrease in the demand for unskilled workers are more poorly educated

D increase in the number of unskilled workers available because workers are more poorly educated

Review Detailed Answer

Correct Answer: decrease in the demand for unskilled workers because of increases in technology and increases in international trade

In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential ?

A All of these answers could be source of a persistent discriminatory wage differential

B the customer

C the government

D the employer

Review Detailed Answer

Correct Answer: the employer

Which of the following is not part of a worker’s human capital ?

A education

B experience

C all of these answers are parts of a worker’s human capital

D effort

Review Detailed Answer

Correct Answer: effort

If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

A coal miners must have greater human capital than others

B we have observed a compensating differential

C coal miners must be more attractive than other workers

D we have evidence of discrimination against workers outside the coal mine

Review Detailed Answer

Correct Answer: we have observed a compensating differential

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The substitution effect of a rise in the price of labour will the quantity of labour and the output, effect will it

A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ?

Which of the following statements regarding discrimination is true ?

It is not considered discrimination when an employer offers different opportunities to individuals that differ only by them ?

Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?

In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential ?

Which of the following is not part of a worker’s human capital ?

If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ?

Which of the following statements regarding discrimination is true ?

It is not considered discrimination when an employer offers different opportunities to individuals that differ only by them ?

Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?

In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential ?

Which of the following is not part of a worker’s human capital ?

If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

The substitution effect of a rise in the price of labour will the quantity of labour and the output, effect will it