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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.

Privatization is the transfer of ?

A publicly held stock to private individuals

B corporately owned businesses to individuals

C government businesses to the private sector.

D privately owned businesses to the government sector

Review Detailed Answer

Correct Answer: government businesses to the private sector.

Reaganomics was a radical shift in policy aimed at directly tackling ?

A the charities economy

B the demand side of the economy

C the underground economy

D the supply side of the country

Review Detailed Answer

Correct Answer: the supply side of the country

According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ?

A there is no income effect when tax rates are changed

B the income effect of a wage change is greater than the substitution effect of a wage change.

C there is no substitution effect when tax rates are changed

D the substitution effect of a wage change is greater than the income effect of a wage change

Review Detailed Answer

Correct Answer: the substitution effect of a wage change is greater than the income effect of a wage change

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Privatization is the transfer of ?

Reaganomics was a radical shift in policy aimed at directly tackling ?

According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ?