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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 government levying taxes on polluters or charging a surcharge for pesticide use are ?
A examples of Coase’s theorem
B internalization of negative spillover effects
C marginal abatement cost
D examples of a free rider
Correct Answer: internalization of negative spillover effects
Air pollution from automobile exhausts, and water pollution steel plants are examples of ?
A external economies
B negative externalities
C internal spillover
D social distortion
Correct Answer: negative externalities
Land and natural resources are considered ?
A capital accumulation
B common property resources
C non-producible
D output
Correct Answer: non-producible
The Genuine Progress indicator is ?
A also known as index of Sustainable Economic Welfare per capita
B GDP plus resource depletion and environmental cost
C resource depletion and environmental cost divided by GDP per capita
D increasing from 1976 to 2000
Correct Answer: also known as index of Sustainable Economic Welfare per capita
The Montreal Protocal, signed in 1987 and strengthened in 1990 ?
A attains the global optimal level of common property resource
B relies on internationally tradable emission permits
C minimizes free riders of public goods
D reduces ozone depletion through the cutting of chlorofluorocarbon production
Correct Answer: reduces ozone depletion through the cutting of chlorofluorocarbon production
Biodiversity ?
A includes genetic species ecosystem and functional diversities
B refers to diversifying earth’s nonrenewable resource
C refers to reconstruction of tropical rainforests
D refers to biological effects on commercial plantation
Correct Answer: includes genetic species ecosystem and functional diversities
Irreversibility refers to ?
A natural resource that cannot be reproduced in the future if we fail to preserve them now
B obtaining intellectual property rights for products
C natural extinction of various species in DCs
D industrialization replacing agriculture in LDCs
Correct Answer: natural resource that cannot be reproduced in the future if we fail to preserve them now
Theodore panayotou (1993) argues that environment degradation originates from the following EXCEPT ?
A markets distortions
B defective economic policies
C inadequate property
D the expansion of capitalism
Correct Answer: the expansion of capitalism
The booming of North Seas’ gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is known as ?
A Trade deficit
B Blind river disease
C Dutch disease
D Economic turmoil
Correct Answer: Dutch disease
Negative externality is also known as ?
A external diseconomies
B marginal damage
C public goods
D resource curse
Correct Answer: external diseconomies
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