Economics MCQs

Page No. 160

Points on the production possibilities frontier are ?


ainefficient


bnormative


cunattainable


defficient


View Answer efficient

Which of the following is not a factor of production ?


alabor


b land


cmoney


dcapital


View Answer money

Which of the following is most likely to produce scientific evidence about a theory ?


a A lawyer employed by Renault addressing the impact of air bags on passenger safety.


bAn economist permanently employed at a leading university analyzing the impact of bank regulations on lending to small businesses


cAn economist employed by the Trades union congress doing research on the impact of trade policy on workers’ wages


dA radio talk show host collecting data from listeners on how capital markets respond to taxation



In which of the following cases is the assumption most reasonable ?


a To address the impact to taxes on income distribution an economist assumes that everyone earns the same income.


bTo address the impact of money growth on inflation, an economist assumes that money is strictly coins.


cTo model the benefits of trade. an economist assumes that there are two people and two goods


dTo estimate the speed at which a beach ball falls, a physicist assumes that if falls in a vacuum.



Economic models are ?


aUsually made of wood and plastic


bbuilt with assumptions.


cuseless if they are simple.


dcreated to duplicate reality.



Which of the following statements regarding the circular-flow diagram is true ?


aIf Susan works for BAe Systems and receives a salary payment, the transaction takes place in the market for good and services.


bf BAe Systems sells a military aircraft, the transaction takes place in the market for factors for production


cNone of these


dThe factors of production are owned by households



The scientific method requires that ?


athe scientist be objective


bThe scientific use precision equipment.


conly correct theories are tested


donly theories are tested.



The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of ?


a p = Z


b P = MC + Z


c p = MC


dP = MC – Z


View Answer P = MC + Z

Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?


arestrict; promote


brestrict; restrict


cpromote; promote


dpromote; restrict


View Answer promote; restrict

In the UK, electricity industry parts are a ____ and other parts are ___ ?


anationalized; privatized


bnatural monopoly; potentially competitive


ccartel; a sellers’ market


dmonopolistic competition duopoly



Goto Page No.

Page 160 of 444

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan