Economics MCQs

Page No. 344

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


dWhat the student will earn after graduation



If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?


a increase


b not change


c decrease


dshift


View Answer not change

A measurement showing how quantity demanded varies with income is the ?


a Price elasticity of demand


b Cross-price elasticity of demand


c budget elasticity of demand


dincome elasticity of demand



The price elasticity of demand measures ?


aThe responsiveness of quantity demanded to a change in price


bHow far a demand curve shifts


ca change in price


da change in quantity demanded



Increased level consumption ?


ashift aggregate supply to the right


bshift aggregate supply to the left


cshift aggregate demand to the right


dshift aggregate demand to the left



Improved training of employees would ?


aShift aggregate supply to the right


bShift aggregate supply to the left


cShift aggregate demand to the right


dshift aggregate demand to the left



Which of the following would increase aggregate demand?


aIncreased saving


bIncreasing import spending


c Increased taxation revenue


d increased investment



Aggregate demand will increase if ?


aconsumption falls


binvestment falls


cExports fall


dimports fall


View Answer imports fall

The price elasticity of supply is +4 The price increases by 15% sales were originally 200 units What will they be now ?


a80 units


b320 units


c60 units


d120 units


View Answer 320 units

An increase in productivity should ?


a Lead to a contraction of supply


bLead to an expansion of supply


c Lead to a shift in supply outwards (i.e more supplied at each and every price)


dLead to a higher equilibrium and lower equilibrium quantity



Goto Page No.

Page 344 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