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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.

Increased level consumption ?

A shift aggregate supply to the right

B shift aggregate supply to the left

C shift aggregate demand to the right

D shift aggregate demand to the left

Review Detailed Answer

Correct Answer: shift aggregate supply to the left

Improved training of employees would ?

A Shift aggregate supply to the right

B Shift aggregate supply to the left

C Shift aggregate demand to the right

D shift aggregate demand to the left

Review Detailed Answer

Correct Answer: Shift aggregate supply to the right

Which of the following would increase aggregate demand ?

A Increased saving

B Increasing import spending

C Increased taxation revenue

D increased investment

Review Detailed Answer

Correct Answer: Increased taxation revenue

Aggregate demand will increase if ?

A consumption falls

B investment falls

C Exports fall

D imports fall

Review Detailed Answer

Correct Answer: imports fall

The price elasticity of supply is +4 The price increases by 15% sales were originally 200 units What will they be now ?

A 80 units

B 320 units

C 60 units

D 120 units

Review Detailed Answer

Correct Answer: 320 units

An increase in productivity should ?

A Lead to a contraction of supply

B Lead to an expansion of supply

C Lead to a shift in supply outwards (i.e more supplied at each and every price)

D Lead to a higher equilibrium and lower equilibrium quantity

Review Detailed Answer

Correct Answer: Lead to a shift in supply outwards (i.e more supplied at each and every price)

An increase in the costs of production will ?

A Shift demand outwards

B Shift demand inwards

C Shift supply outwards so more is supplied at each and every price, all other things unchanged

D Shift supply inwards

Review Detailed Answer

Correct Answer: Shift supply inwards

A supply curve that starts at the origin has ?

A A price elasticity of supply greater than one

B A price elasticity of supply equal to one

C A price elasticity of supply less than one

D A positive price elasticity of supply

Review Detailed Answer

Correct Answer: A price elasticity of supply equal to one

If a 4% increase in price leads to a increase in the quantity supplied of 8% ?

A Supply is price elastic

B Supply is income elastic

C Price elasticity of demand is -2

D Price elasticity of supply is -2

Review Detailed Answer

Correct Answer: Supply is price elastic

For a normal good ?

A The price elasticity of demand is negative the income elasticity of demand is negative

B The price elasticity of demand is positive the income elasticity of demand is negative

C The price elasticity of demand is negative the income elasticity of demand is positive

D The price elasticity of demand is positive; the income elasticity of demand is positive

Review Detailed Answer

Correct Answer: The price elasticity of demand is negative the income elasticity of demand is positive

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Increased level consumption ?

Improved training of employees would ?

Which of the following would increase aggregate demand ?

Aggregate demand will increase if ?

The price elasticity of supply is +4 The price increases by 15% sales were originally 200 units What will they be now ?

An increase in productivity should ?

An increase in the costs of production will ?

A supply curve that starts at the origin has ?

If a 4% increase in price leads to a increase in the quantity supplied of 8% ?

For a normal good ?