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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.

According to George H.Mead mind is________________?

A the acting subject as opposed to “object ”

B the source of experience

C an emergent outcome of social acts

D none of the above

Review Detailed Answer

Correct Answer: none of the above

Which is/are the policy option(s) to counteract business cycles ?

A Shift the demand curve

B Shift the supply curve

C Do noting

D All of the above

Review Detailed Answer

Correct Answer: All of the above

The inordinate growth of government is a side effect of________________?

A the increasing poverty of individual states

B government intervention in the economy

C the political apathy of public

D the willingness of individuals to give up traditional freedoms

Review Detailed Answer

Correct Answer: government intervention in the economy

In order to raise the GNP and the GDP per capita one must____________?

A earn more money

B increase productivity

C increase absenteeism

D decrease productivity

Review Detailed Answer

Correct Answer: increase productivity

A way of calculating the total output of the economy regardless of where resources are located is________________?

A the GDP

B the GNP

C the NNP

D the SPQR

Review Detailed Answer

Correct Answer: the SPQR

In economic terms incomes are distributed according to________________?

A a person’s marginal productivity

B whom one knows

C which skills one has

D innate talent

Review Detailed Answer

Correct Answer: a person’s marginal productivity

The Great Depression_________________?

A resulted from the greed of the robber barons

B resulted from insufficient demand

C was the worst case of massive unemployment

D only B and C

Review Detailed Answer

Correct Answer: only B and C

Total “laissez-faire” is impossible because________________?

A the market does not provide for satisfying public needs

B the market is not equitable favoring those with more resources

C the market makes no provision for protecting smaller participants

D all of the above

Review Detailed Answer

Correct Answer: all of the above

When the supply and demand curves intersect the final lasting price is achieved This is called_____________?

A clearance price

B equilibrium price

C pressure price

D a buyer’s market

Review Detailed Answer

Correct Answer: equilibrium price

Participants in the market system________________?

A are totally free to pursue their goals

B are affected by prices and incomes

C try to maximize their worth

D try to maximize their labor

Review Detailed Answer

Correct Answer: are affected by prices and incomes

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

According to George H.Mead mind is________________?

Which is/are the policy option(s) to counteract business cycles ?

The inordinate growth of government is a side effect of________________?

In order to raise the GNP and the GDP per capita one must____________?

A way of calculating the total output of the economy regardless of where resources are located is________________?

In economic terms incomes are distributed according to________________?

The Great Depression_________________?

Total “laissez-faire” is impossible because________________?

When the supply and demand curves intersect the final lasting price is achieved This is called_____________?

Participants in the market system________________?