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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 natural rate of unemployment is likely to fall if ?
A unemployment benefits increase
B Income tax increases
C More training is available for the unemployed
D Geographical immobility increases
Correct Answer: unemployment benefits increase
If people are made unemployed because of a fall in aggregate demand this is known as ?
A Frictional unemployment
B Seasonal unemployment
C Cyclical unemployment
D Structural unemployment
Correct Answer: Seasonal unemployment
If employees cannot accept a job because of the costs of moving this is known as ?
A Occupational immobility
B Cyclical unemployment
C Structural immobility
D Geographical immobility
Correct Answer: Cyclical unemployment
A profit maximising firm will employ labour up to the point where ?
A Marginal revenue = marginal product
B Marginal cost = marginal product
C Marginal revenue product = average cost of labour
D Marginal revenue product = marginal cost of labour
Correct Answer: Marginal cost = marginal product
The Marginal Revenue Product is ?
A Upward sloping due to the law of demand
B Upward sloping due to the law of marginal utility
C Downward sloping due to the law of diminishing returns
D Downward sloping due to the law of supply
Correct Answer: Upward sloping due to the law of demand
A fall in demand for labour is likely to lead to ?
A A lower equilibrium wage and lower quantity of labour
B A lower equilibrium wage and higher quantity of labour
C A higher equilibrium wage and higher quantity of labour
D A higher equilibrium wage and lower quantity of labour
Correct Answer: A lower equilibrium wage and higher quantity of labour
An increase in the wage rate ?
A Will usually lead to more people employed
B Will decrease total earning if the demand for labour is wage elastic
C is illegal in a free market
D will cause a shift in the demand for labour
Correct Answer: will cause a shift in the demand for labour
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