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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

The argument that U.S current account deficits cause net job losses for Americans ?
A is true by definition in all possible circumstances
B is supported by recent U.S history
C focuses only on the overall economy and is thus always true
D fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending
Correct Answer: fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending
In balance of payments accounting tourism and travel are classified in the ?
A merchandise trade account
B services account
C unilateral transfers account
D capital account
Correct Answer: services account
Purchases of government securities in the United States by foreigners is ?
A a credit item in the current account
B a debit item in the capital account
C a credit item in the capital account
D a debit item in the current account
Correct Answer: a credit item in the capital account
In the calculation of gross domestic product net exports are ?
A the sum of merchandise trade and services
B the current account plus long-term capital
C the value of merchandise exports minus imports
D short-term capital plus the basic balance
Correct Answer: the sum of merchandise trade and services
A nation wishing to reduce its current account deficit would be advised to ?
A engage in more government spending
B reduce government taxes
C increases private investment spending
D decrease domestic consumption
Correct Answer: decrease domestic consumption
Current account deficit are offset by______________?
A merchandise trade deficits
B merchandise trade surpluses
C capital/financial account surpluses
D capital/financial account deficits
Correct Answer: capital/financial account surpluses
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