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

The resources in the economy do not include ?
A Demand
B Land
C Labour
D Capital
Correct Answer: Demand
If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ?
A 7As
B 10As
C 3As
D 1A
Correct Answer: 3As
As resources are shifted from one industry to another this can be shown by ?
A An inward shift of the production possibility frontier
B A movement along the production possibility frontier
C An outward shift of the production possibility frontier
D The pivoting of the production possibility frontier
Correct Answer: A movement along the production possibility frontier
If an economy is productively efficient ?
A Everyone is wealthy
B Resources are unemployed
C More of one product can only be produced if less of another product is produced
D The distribution of income is eqal
Correct Answer: More of one product can only be produced if less of another product is produced
To be allocatively efficient a firm must produce where ?
A The total cost equals demand
B The average revenue equals the marginal revenue
C The price equals the average cost
D The price equals the marginal cost
Correct Answer: The price equals the average cost
Profit is measured by ?
A Revenue – fixed costs
B Fixed cost + revenue
C Revenue – sales
D Revenue – total costs
Correct Answer: Revenue – total costs
To maximise sales revenue a firm should produce where ?
A Marginal cost is zero
B Marginal revenue is maximised
C Marginal revenue is zero
D Marginal revenue equals marginal cost
Correct Answer: Marginal revenue equals marginal cost
Barriers to entry ?
A Enable abnormal profits to be made in the long run
B Enable losses to be made in the long run
C Enable abnormal profits to be made in the short run only
D Occur in perfect competition
Correct Answer: Enable losses to be made in the long run
In perfect price discrimination ?
A The demand curve is the marginal cost curve
B The average revenue equals the average cost
C The marginal cost is the average cost curve
D The demand curve is the marginal revenue
Correct Answer: The average revenue equals the average cost
In perfect price discrimination ?
A Consumer surplus is maximised
B produce surplus is zero
C Community surplus is maximised
D Consumer surplus is zero
Correct Answer: produce surplus is zero
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.