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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

If a person can be prevented from using a good, the good is said to be ?
A excludable
B a common resource
C a public goods
D rival
Correct Answer: excludable
Which of the following is an example of a common resource ?
A a firework displays
B national defense
C iron one
D a national park
Correct Answer: a national park
A negative externality affect market efficiency in a manner similar to ?
A an excludable good.
B a private good
C a common resource
D a public good.
Correct Answer: a common resource
A positive externality affects market efficiency in a manner similar to a ?
A rival good
B public good
C private good
D common resource
Correct Answer: public good
A free rider is a person who ?
A receives the benefits of a good but avoids paying for it.
B pays for a good but fails to receive any benefit from the good
C fails to produce goods but is allowed to consume goods.
D produces a good but fails to receive payment for the good
Correct Answer: receives the benefits of a good but avoids paying for it.
Public goods are difficult for a private market to provide due to ?
A the rivalness problem
B the public goods problem
C the Tragedy of the Commons.
D The free-rider problem.
Correct Answer: The free-rider problem.
A good produced by a natural monopoly is ?
A rival but not excludable
B neither rival nor excludable
C not rival but excludable
D both rival and excludable
Correct Answer: not rival but excludable
A public good is ?
A neither rival nor excludable
B rival but not excludable.
C both rival but excludable
D not rival but excludable
Correct Answer: neither rival nor excludable
A person who regularly watches BBC television programs in the UK but fails to pay their TV licence fee is known as ?
A excess baggage
B a free rider
C a costly rider
D a common resource
Correct Answer: a free rider
A congested toll road is ?
A a good produced by a natural monopoly
B a private good
C a public good
D a common resource
Correct Answer: a private good
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