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

Barriers to entry do not include ?
A Patents
B Internal economies of scale
C Mobility of resources
D High investment costs
Correct Answer: Mobility of resources
In monopoly when abnormal profits are made ?
A The price set is greater than the marginal cost
B The price is less than the average cost
C The average revenue equals the marginal cost
D Revenue equals total cost
Correct Answer: The price set is greater than the marginal cost
X inefficiency occurs when ?
A The price is greater than the marginal cost
B The price is greater than the average cost
C Costs are higher than they could be due to a lack of competitive pressure
D There are external cost
Correct Answer: Costs are higher than they could be due to a lack of competitive pressure
Normally a demand curve will have the shape:_________?
A Horizontal
B Vertical
C Downward Sloping
D Upward Sloping
Correct Answer: Downward Sloping
A firm that makes profit in addition to normal profit is making ?
A Economic profit
B Accounting profit
C Normal profit
D supernormal profit
Correct Answer: supernormal profit
An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?
A reduces; reduces
B reduces; increases
C increases; increases
D increases; reduces
Correct Answer: reduces; increases
Marginal revenue is the ________ when output is __________?
A Change in average revenue, increased
B Change in total revenue, increase by one unit
C change in average revenue, increased by one unit
D change in total revenue increased
Correct Answer: Change in total revenue, increase by one unit
Firms are assumed to ________ costs and to ________ profits?
A incur, desire
B pay, make
C charge earns
D minimize, maximize
Correct Answer: minimize, maximize
The extra utility from consuming one more unit of a good is called ?
A Marginal utility
B Additional utility
C Surplus utility
D Bonus utility
Correct Answer: Marginal utility
The opportunity cost of a student is____________?
A Course fees and rent
B A loan from the bank
C What the student could have earned in the best job available by not studying
D What the student will earn after graduation
Correct Answer: What the student could have earned in the best job available by not studying
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.