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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.

Sector shifts tend to raise which type of unemployment ?

A Structural Unemployment

B Unemployment due to efficiency wages

C Unemployment due to unions

D Frictional Unemployment

Review Detailed Answer

Correct Answer: Frictional Unemployment

A reservation wage is the ?

A Maximum wage the firm is willing to pay

B tip necessary to get a waiter to reserve a table

C minimum wage the worker is willing to accept

D competitive equilibrium wage.

Review Detailed Answer

Correct Answer: minimum wage the worker is willing to accept

Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?

A Structural unemployment

B Cyclical Unemployment

C Frictional Unemployment

D None of these answers

Review Detailed Answer

Correct Answer: Structural unemployment

A miner who has been unable to find work for so long that he has stopped looking for work is considered to be ?

A Not in the labour force

B Not in the adult population

C Unemployed

D Employed

Review Detailed Answer

Correct Answer: Not in the labour force

Refer to Figure 1. The labour force participation rate is ?

A 47.1 Percent

B 65.9 Percent

C 50.2 Percent

D 70.2 Percent

Review Detailed Answer

Correct Answer: 70.2 Percent

Refer to Figure 1 The labour fouce is ?

A 134.0 million

B None of theses answers

C 92.3 million

D 98.0 million

Review Detailed Answer

Correct Answer: 98.0 million

The amount of unemployment that the economy normally experiences is known as ?

A The natural rate of unemployment

B cyclical unemployment

C efficiency wage unemployment

D frictional unemployment

Review Detailed Answer

Correct Answer: The natural rate of unemployment

Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?

A The upward accelerator

B The downward multiplier

C The upward PPF

D The downward mpc

Review Detailed Answer

Correct Answer: The downward multiplier

Which of the following is not a supply side measure ?

A Increased training

B Providing more information

C Helping individuals to move location to find work

D Increasing spending on existing industries

Review Detailed Answer

Correct Answer: Helping individuals to move location to find work

If there is cyclical unemployment in the economy the government might ?

A Increase interest rates

B Encourage savings

C Cut taxes

D Reduce government spending

Review Detailed Answer

Correct Answer: Encourage savings

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Sector shifts tend to raise which type of unemployment ?

A reservation wage is the ?

Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?

A miner who has been unable to find work for so long that he has stopped looking for work is considered to be ?

Refer to Figure 1. The labour force participation rate is ?

Refer to Figure 1 The labour fouce is ?

The amount of unemployment that the economy normally experiences is known as ?

Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?

Which of the following is not a supply side measure ?

If there is cyclical unemployment in the economy the government might ?