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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.

The term tariff, as used in international trade refers to ?

A The price of goods when they leave the producing country

B a limit on the quantity of a good that can be imported into a country

C a tax on imports

D a government payment to encourage exports

Review Detailed Answer

Correct Answer: a tax on imports

Term of trade for a country are the ratio of ___ to _?

A its opportunity costs; world opportunity costs

B export prices; import prices

C Value of exports; value of imports

D its currency; other currencies

Review Detailed Answer

Correct Answer: export prices; import prices

David Ricardo’s theory in favor of free trade uses the ideal of ?

A absolute advantage

B mutual advantage

C multilateral advantage

D comparative advantage

Review Detailed Answer

Correct Answer: comparative advantage

The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?

A Ricardo Malthus theorem

B Heckscher Ohlin theorem

C Lucas-Laffer theorem

D Friedman Samuelson theorem

Review Detailed Answer

Correct Answer: Heckscher Ohlin theorem

A reduced share of the world export market for the United States would be attributed to?

A Decreased productivity in U.S manufacturing

B High incomes of American households

C Relatively low interest rates in the United States

D High levels of investment by American corporations

Review Detailed Answer

Correct Answer: Decreased productivity in U.S manufacturing

Technological improvements are similar to international trade since they both ?

A Provide benefits for all producers and consumers

B Increase the nation’s aggregate income

C Reduce unemployment for all domestic workers

D Ensure that industries can operate at less than full capacity

Review Detailed Answer

Correct Answer: Increase the nation’s aggregate income

The real income of domestic producers and consumers can be increased by ?

A Technological progress, but not international trade

B International trade but not technological progress

C Technological Progress and international trade

D Neither technological progress nor international trade

Review Detailed Answer

Correct Answer: Technological Progress and international trade

For the United States automobiles are ?

A Imported, but not exported

B Exported, but not imported

C Exported and imported

D Neither imported not exported

Review Detailed Answer

Correct Answer: Exported and imported

Recent pressures for protectionism in the United States have been motivated by all of the following except ?

A U.S firms shipping component production overseas

B High profit levels for American corporations

C Sluggish rates of productivity growth in the United States

D High unemployment rates among America workers

Review Detailed Answer

Correct Answer: High profit levels for American corporations

Major trading partners of the United States including all of the following countries except ?

A Canada

B Mexico

C China

D North Korea

Review Detailed Answer

Correct Answer: North Korea

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The term tariff, as used in international trade refers to ?

Term of trade for a country are the ratio of ___ to _?

David Ricardo’s theory in favor of free trade uses the ideal of ?

The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?

A reduced share of the world export market for the United States would be attributed to?

Technological improvements are similar to international trade since they both ?

The real income of domestic producers and consumers can be increased by ?

For the United States automobiles are ?

Recent pressures for protectionism in the United States have been motivated by all of the following except ?

Major trading partners of the United States including all of the following countries except ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The term tariff, as used in international trade refers to ?

Term of trade for a country are the ratio of _______________ to _____________?

David Ricardo’s theory in favor of free trade uses the ideal of ?

The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?

A reduced share of the world export market for the United States would be attributed to?

Technological improvements are similar to international trade since they both ?

The real income of domestic producers and consumers can be increased by ?

For the United States automobiles are ?

Recent pressures for protectionism in the United States have been motivated by all of the following except ?

Major trading partners of the United States including all of the following countries except ?

Term of trade for a country are the ratio of ___ to _?