M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Economics Mcqs 4423 MCQs [All-Courses]

thumb


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

A sudden shift from import tariffs to free trade may induce short-term unemployment in ?
A Import-competing industries
B Industries that are only exporters
C Industries that sell domestically as well as export
D industries that neither import nor export
Correct Answer: Import-competing industries
For the United States, commercial jetliners are ?
A Imported, but not exported
B Exported, but not imported
C Imported and exported
D Neither exported nor imported
Correct Answer: Imported and exported
International trade in goods and services tends to ?
A Increase all domestic costs and prices
B Keep all domestic costs and prices at the same level
C Lessen the amount of competition facing home manufacturers
D Increase the amount of competition facing home manufacturers
Correct Answer: Increase the amount of competition facing home manufacturers
A feasible effect of international trade is that a (an) ?
A Monopoly in the home market becomes an oligopoly in the world market
B Oligopoly in the home market becomes a monopoly in the world market
C Purely competitive firm in the home market becomes an oligopolist
D purely competitive firm in the home market becomes a monopolist
Correct Answer: Monopoly in the home market becomes an oligopoly in the world market
International trade tends to cause welfare losses to at least some groups in a country ?
A The less mobile the country’s resources
B The more mobile the country’s resources
C The lower the country’s initial living standard
D
Correct Answer: The less mobile the country’s resources
Free traders maintain that an open economy is advantageous is that it provides all of the following except ?
A Increased competition for world producers
B A wider selection of products for consumers
C The utilization of the most efficient production methods
D Relatively high wages levels for all domestic workers
Correct Answer: Relatively high wages levels for all domestic workers
For the United states, exports plus imports are about _____ of its gross national product?
A 5 percent
B 10 percent
C 25 percent
D 55 percent
Correct Answer: 5 percent
The largest amount of trade with the United States in recent years has been conducted by ?
A Canada
B Germany
C Mexico
D United Kingdom
Correct Answer: Canada
Arguments for free trade are sometimes disregarded by politicians because ?
A Maximizing domestic efficiency is not considered imports
B Maximizing consumer welfare may not be a chief priority
C There exist sound economic reasons for keeping one’s economy isolated from other economies
D Economists tend to favor high protected domestic markets
Correct Answer: Maximizing consumer welfare may not be a chief priority
The movement to free international trade is most likely to generate short-term unemployment in which industries ?
A Industries in which there are neither imports nor exports
B Imports competing industries
C Industries that sell to domestic and foreign buyers
D Industries that sell to only foreign buyers
Correct Answer: Imports competing industries
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.