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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

Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?
A an import tariffs
B a tariff rate quota
C a selective quota
D a global quota
Correct Answer: a global quota
Under a tariff- rate quota ?
A The within-quota tariff rate exceeds the over-quota tariff rate
B the over-quota tariff rate exceeds the with-quota tariff rate
C The within-quota tariff rate equals the over-quota tariff rate
D The within-quota tariff rate plus over-quota tariff rate equal 100 percent
Correct Answer: the over-quota tariff rate exceeds the with-quota tariff rate
The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?
A 200, $2,000, 100 $1,000
B 300, $1,800, 800 $800
C 300, $1,800, 400 $800
D 500, $1,400, 400 $800
Correct Answer: 500, $1,400, 400 $800
Buy national policies ?
A result in government purchase policies favoring domestic over foreign producers
B result in government purchase policies favoring foreign over domestic producers
C attempt to restrict the number of tourists leaving a nation
D are intended to publicize the advantage of the most efficient domestic companies
Correct Answer: result in government purchase policies favoring domestic over foreign producers
What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 – 1984 ?
A export quotas imposed by the Japanese government
B export tariffs imposed by the Japanese’s government
C import quotas imposed by the U.S government
D domestic subsidies granted by the U.S government
Correct Answer: export quotas imposed by the Japanese government
________ occurs when a firm disposes on foreign markets a temporary increases in inventories caused by unforeseen changes in supply and demand conditions in the home economy?
A sporadic dumping
B predatory dumping
C persistent dumping
D foreign dumping
Correct Answer: sporadic dumping
The form of international price discriminations (dumping) normally associated with economic recession or excess inventories in the exporting nation is known as ?
A Predatory dumping
B sporadic dumping
C persistent dumping
D year end dumping
Correct Answer: sporadic dumping
A tariff-rate quota is essentially a ?
A two tier tariff applied to a country’s imports
B three-tier tariff applied to a country’s imports
C two tier quota applied to a county’s exports
D three tier quota applied to a country’s exports
Correct Answer: two tier tariff applied to a country’s imports
Nontariff trade barriers could include all of the following except ?
A domestic content laws
B government procurement policies
C health, safety, and environmental standards
D antidumping/countervailing duties applied to imports
Correct Answer: antidumping/countervailing duties applied to imports
A(n) ________ is n example of a quota where foreigners hold quota licenses ?
A export quota
B embargo
C auction quota
D tariff quota
Correct Answer: export quota
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