MCQsDrive | MCQsDrive

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 foreign competition tend to ?

A Intensify inflationary pressure at home

B Induce falling output per worker-hour for domestic workers

C Place constraints on the wages of domestic workers

D Increase profits of domestic import competing industries

Review Detailed Answer

Correct Answer: Place constraints on the wages of domestic workers

Which American industry has least been affected by import competition in recent years ?

A Automobiles

B Steel

C Radios and TVs

D Computer software

Review Detailed Answer

Correct Answer: Computer software

International trade is based on the idea that ?

A Exports should exceed imports

B imports should exceed exports

C Resources are more mobile internationally than are goods

D Resources are less mobile internationally than are goods

Review Detailed Answer

Correct Answer: Resources are less mobile internationally than are goods

International trade forces domestic firms to become more competitive in terms of ?

A The introduction of new products

B Product design and quality

C Product price

D All of the above

Review Detailed Answer

Correct Answer: All of the above

International trade in goods and services is sometimes used as a substitute for all of the following except ?

A International movements of capital

B International movements of labor

C International movements of technology

D Domestic production of different goods and services

Review Detailed Answer

Correct Answer: Domestic production of different goods and services

A primary reason why nations conduct international trade is because ?

A Some nations prefer to produce one thing while others produce another

B Resources are not equally distributed to all trading nations

C Trade enhances opportunities to accumulate profits

D interest rates are not identical in all trading nations

Review Detailed Answer

Correct Answer: Resources are not equally distributed to all trading nations

« Previous
Next »

Showing 61 to 66 of 66 results

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Increased foreign competition tend to ?

Which American industry has least been affected by import competition in recent years ?

International trade is based on the idea that ?

International trade forces domestic firms to become more competitive in terms of ?

International trade in goods and services is sometimes used as a substitute for all of the following except ?

A primary reason why nations conduct international trade is because ?