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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 law of diminishing returns assumes ?
A There are no fixed factors of production
B There are no variable factors of production
C Utility is maximised when marginal product falls
D Some factors of production are fixed
Correct Answer: Utility is maximised when marginal product falls
An outward shift of the production possibility frontier may be caused by ?
A An increase in demand
B More government spending
C Better training of employees
D Productive inefficiency
Correct Answer: Better training of employees
The resources in an economy are ?
A Constantly increasing
B Fixed at any moment
C Constantly decreasing
D Able to be transferred easily between industries
Correct Answer: Fixed at any moment
An economy may operate outside the production possibility Frontier if ?
A It is not utilizing its resources fully
B It is being productively efficient
C It is a mixed economy
D It is trading other economies
Correct Answer: It is trading other economies
In a free market the combination of products produced will be determined by ?
A Market forces of supply and demand
B The government
C The law
D The public Sector
Correct Answer: Market forces of supply and demand
Economic growth can be shown by ?
A An inward shift of the production possibility frontier
B A movement along the production possibility frontier
C An outward shift of the production possibility frontier
D A decision by the government to produce inside the production possibility frontier
Correct Answer: An outward shift of the production possibility frontier
A way of helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ?
A New classical economists
B left-wing theorists
C interventionist policies
D monetarists
Correct Answer: interventionist policies
Which of the following statements supports deregulation of industries ?
A Technological change has made it possible for many industries to become more competitive
B Because few real natural monopolies exist there is rarely a reason for government regulation
C Many instances of government regulation have succeeded in reducing competition in industries where competition may be beneficial
D All of the above
Correct Answer: All of the above
Privatisation is the transfer out ?
A Publicly held stock to private individuals
B corporately owned businesses to individuals
C government businesses to the private sector
D Privately owned business to the government sector
Correct Answer: government businesses to the private sector
Reaganomics was a radical shift in Policy aimed at direct tackling ?
A The charities economy
B The demand side of the country
C The underground economy
D the supply side of the economy
Correct Answer: the supply side of the economy
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