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Economics MCQs with Explanations

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111EconomicsMedium

By advocating the acquisition of “more androgynous roles” by both men and women what is meant is that________?

Abisexuality should be the norm

Bwe should combine male and female sex-typed traits

Cwe should adopt passive roles

Dwe should adopt blurred ill-defined roles

Correct answer

B. we should combine male and female sex-typed traits

Explanation

The correct answer is we should combine male and female sex-typed traits.

112EconomicsMedium

What is meant by capital stock ________?

AThe total stated or par value of the permanently invested capital of corporation

BAuthorized amount of stock for issue by corporation

CNone of them

DBoth of them

Correct answer

D. Both of them

Explanation

The correct answer is Both of them.

113EconomicsMedium

A graph showing all the combinations of capital and labor that can used to produce a given amount of output is?

Aan indifference curves.

Ban isocost line

Ca production functions

Dan isoquant.

Correct answer

D. an isoquant.

Explanation

The correct answer is an isoquant..

114EconomicsMedium

Purchasing power parity exchange rates are used to?

Apay wages b multinational companies

Bestimate the costs of economic growth

Ccompare living standards of different countries

Dconvert nominal GDP to real GDP

Correct answer

C. compare living standards of different countries

Explanation

The correct answer is compare living standards of different countries.

115EconomicsMedium

The largest producer of Natural gas in the world is ________?

AIran

BNorway

CRussia

DTanzania

Correct answer

D. Tanzania

Explanation

The correct answer is Tanzania.

116EconomicsMedium

If one country, with floating exchange rates, has higher inflation than its competitors we would expect its exchange rate to?

Abe in short supply

Bappreciate

Cdepreciate

Drevalue

Correct answer

C. depreciate

Explanation

The correct answer is depreciate.

117EconomicsMedium

When an individual buys a car in a congested urban area, it generates?

Aa positive externality

Ba technology spillover

Ca negative externality

Dan efficient market outcome.

Correct answer

C. a negative externality

Explanation

The correct answer is a negative externality.

118EconomicsMedium

The marginal revenue product of capital is the?

Aadditional value of output from using more capital

Bchanging value of the capital stock

Cchange in a company’s balance sheet when it acquires new plant

Dchange in company’s share price

Correct answer

A. additional value of output from using more capital

Explanation

The correct answer is additional value of output from using more capital.

119EconomicsMedium

According to classical models, the level of employment is determined primarily by?

Ainterest rates

Bthe level of aggregate demand for goods and services.

Cthe quantity of money

Dprices and wages

Correct answer

D. prices and wages

Explanation

The correct answer is prices and wages.

120EconomicsMedium

A form of industry structure characterized by a few firms, each large enough to influence market price is?

Amonopolistic competition

Boligopoly

Cmonopoly

Dperfect competition

Correct answer

B. oligopoly

Explanation

The correct answer is oligopoly.

By advocating the acquisition of “more androgynous roles” by both men and women what is meant is that________?

Abisexuality should be the norm

Bwe should combine male and female sex-typed traits

Cwe should adopt passive roles

Dwe should adopt blurred ill-defined roles

Correct answer

B. we should combine male and female sex-typed traits

Explanation

The correct answer is we should combine male and female sex-typed traits.

Purchasing power parity exchange rates are used to?

Apay wages b multinational companies

Bestimate the costs of economic growth

Ccompare living standards of different countries

Dconvert nominal GDP to real GDP

Correct answer

C. compare living standards of different countries

Explanation

The correct answer is compare living standards of different countries.

The marginal revenue product of capital is the?

Aadditional value of output from using more capital

Bchanging value of the capital stock

Cchange in a company’s balance sheet when it acquires new plant

Dchange in company’s share price

Correct answer

A. additional value of output from using more capital

Explanation

The correct answer is additional value of output from using more capital.