Economics MCQs

Page No. 372

LDCs are reluctant to pursue development through the export of primary products because of ____ and _____ ?


a The upward trend in commodity prices the stability of primary products real prices


bThe upward trend in commodity prices, the volatility of primary products real prices


cThe downward trend in commodity prices the stability of primary products real prices


dThe downward trend in commodity prices the volatility of primary products real prices



All of the following represent obstacles to LDC development except ?


aresource scarcity


b low levels of investment


clow population


d poor infrastructure


View Answer low population

Economic transition involves high inflation because _____ and ______?


ahigh monetary growth high wages


b high budget deficits devaluation


chigh monetary growth devaluation


d. Prices surge from an artificially low level to their equilibrium level the inflation tax is required a source of government revenue



An optimal tariff is one which reduces imports to the level at which ____ equals ____?


aimports, exports


bthe balance of trade, zero


cThe demand for currency the supply of currency


d social marginal cost, social marginal benefit



The imposition of a tariff causes consumption to _____ and imports to _________?


arise, rise


b fall, rise


c fall, fall


drise, fall


View Answer fall, fall

The main cause of different relative costs between countries are ?


a relative factor competition


b relative factor mobility


crelative factor substitution


drelative factor endowments



International specialization takes place because of______________?


adifferences in technology


bdifferences in factor endowments


cscale economies


dAll of the above


View Answer All of the above

If there is a balance of payments deficit then in a floating exchange rate system ?


aThe external value of the currency would tend to fall


b The external value of the currency would tend to rise


cThe injections from trade are greater then the withdrawals


dAggregate demand is increasing



In a floating exchange rate system ?


aThe government intervenes to influence the exchange rate


bThe exchange rate should adjust to equate the supply and demand of the currency


cThe Balance of payments should always be in surplus


dThe Balance of payments will always equal the government budget



Tariffs ?


aDecrease the domestic price of a product


b Increase government earnings from tax


c Increase the quantity of imports


dDecrease domestic production



Goto Page No.

Page 372 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