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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.

The home country government can confiscate the revenue effect of an import quota if ?

A quota licenses are given to foreign exporting companies

B quota licenses are auctioned to the highest bidding importing company

C if quota licenses are given to domestic consumers of the good

D Both A and C

Review Detailed Answer

Correct Answer: quota licenses are auctioned to the highest bidding importing company

The welfare effects of a quota depend to a considerable extent upon ?

A who has the quota license

B the size of the quota

C elasticities of domestic demand and supply

D All of the above

Review Detailed Answer

Correct Answer: All of the above

___________ are quotas that lead to a complete abolishment of trade?

A embargoes

B voluntary export restraints

C nontariff barriers

D orderly marketing agreements

Review Detailed Answer

Correct Answer: embargoes

In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

A Orderly marketing

B trigger pricing

C domestic content pricing

D dumping

Review Detailed Answer

Correct Answer: dumping

Throughout the world, governments tend to auction quota licenses to their highest bidder ?

A always

B often

C seldom

D never

Review Detailed Answer

Correct Answer: seldom

To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?

A Koreans are selling DVDs in the U.S below their production cost

B Koreans are selling DVDs is the U.s above their productions cost

C The cost of manufacturing DVDs in Korea is lower in Korea than in the U.S since wages are lower in Korea

D The cost of manufacturing DVDs in Korea is higher in Korea than in the U.S since wages are higher in Korea

Review Detailed Answer

Correct Answer: Koreans are selling DVDs in the U.S below their production cost

Import quotas tend to result in all of the following except ?

A domestic producers of the imported good being harmed

B domestic consumers of the imported good being harmed

C Prices increasing in the importing country

D Prices falling in the exporting country

Review Detailed Answer

Correct Answer: domestic producers of the imported good being harmed

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

A foreign corporations

B foreign workers

C domestic corporations

D The domestic government

Review Detailed Answer

Correct Answer: The domestic government

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _ and the deadweight loss of the subsidy to the Canadian economy equals _____?

A 20 calculator, $50

B 20 calculator, $100

C 25 calculator, $50

D 25 calculator, $100

Review Detailed Answer

Correct Answer: 20 calculator, $50

In the absence of trade, Canada’s equilibrium price and quantity equal ?

A $65 and 40 calculators

B $55 and 20 calculators

C $45 and 25 calculators

D $30 and 40 calculators

Review Detailed Answer

Correct Answer: $45 and 25 calculators

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The home country government can confiscate the revenue effect of an import quota if ?

The welfare effects of a quota depend to a considerable extent upon ?

___________ are quotas that lead to a complete abolishment of trade?

Throughout the world, governments tend to auction quota licenses to their highest bidder ?

To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?

Import quotas tend to result in all of the following except ?

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _ and the deadweight loss of the subsidy to the Canadian economy equals _____?

In the absence of trade, Canada’s equilibrium price and quantity equal ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The home country government can confiscate the revenue effect of an import quota if ?

The welfare effects of a quota depend to a considerable extent upon ?

___________ are quotas that lead to a complete abolishment of trade?

Throughout the world, governments tend to auction quota licenses to their highest bidder ?

To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?

Import quotas tend to result in all of the following except ?

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _____ and the deadweight loss of the subsidy to the Canadian economy equals _________?

In the absence of trade, Canada’s equilibrium price and quantity equal ?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _ and the deadweight loss of the subsidy to the Canadian economy equals _____?