M C Q s D r i v e

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.

Income received by firms that is not returned to households or other firms is called________________?

A savings
B withdrawals
C unbalanced exchange
D exchange flow
Correct Answer: withdrawals

Income received by firms from sources other than households is called_________________?

A incremental
B windfalls
C injections
D incidentals
Correct Answer: injections

The behavior of an individual firm is part of_______________?

A macroeconomics
B macroeconomics
C macroeconomics
D institutional economics
Correct Answer: macroeconomics

The participants in a market economy cannot pursue their goals freely because they are affected by_________________?

A the ratio of gold to paper money
B economic laws
C prices and incomes
D the religious institution
Correct Answer: prices and incomes

Inflation results when_________________?

A demand exceeds supply
B supply exceed demand
C there is control of purchasing power
D consumers have no purchasing power
Correct Answer: demand exceeds supply

Which is NOT a socioeconomic goal _______________?

A Full employment
B High and equitably distributed income
C Reasonable price stability
D Low prime interest rate
Correct Answer: Low prime interest rate

When supply and demand are essentially equal the economy is said to be in________________?

A a recession
B equilibrium
C equivalence
D abeyance
Correct Answer: equilibrium

Public government agencies are________________?

A firms
B households
C markets
D central authorities
Correct Answer: central authorities

Professionalization means________________?

A everyone is called by a title
B the same as unemployment
C there is a decrease in polarization
D having theoretical knowledge in addition to training
Correct Answer: having theoretical knowledge in addition to training

What kind of a system is the economic institution ?

A Cultural and social
B Religious and educational
C Semantic and semitic
D Typically, American
Correct Answer: Cultural and social