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Economics MCQs with Explanations

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1701EconomicsMedium

Investment is?

AAn injection that decreases aggregate demand

A withdrawal that increase aggregate demand

CA withdrawal that decrease aggregate

DAn injection that increases aggregate demand

Correct answer

C. A withdrawal that decrease aggregate

Explanation

The correct answer is A withdrawal that decrease aggregate.

1702EconomicsMedium

A profit maximising firm will invest up to the level of investment where?

AThe cost of borrowing equals the marginal efficiency of capital

BThe cost of borrowing is less then the marginal efficiency of capital

CThe cost of borrowing is greater than the marginal efficiency of capital

DThe cost of borrowing equals the marginal propensity to consume

Correct answer

B. The cost of borrowing is less then the marginal efficiency of capital

Explanation

The correct answer is The cost of borrowing is less then the marginal efficiency of capital.

1703EconomicsMedium

A condition of normlessness and separation from legitimate modes of behavior is termed________?

Aalienation

Banomaly

Ctrauma

Danomie

Correct answer

D. anomie

Explanation

The correct answer is anomie.

1704EconomicsMedium

The oil supplies of the United States are subject to________?

Aenvironmental depletion

Benvironmental pollution

Cconstant increase

Dprice stability

Correct answer

A. environmental depletion

Explanation

The correct answer is environmental depletion.

1705EconomicsMedium

Which function is performed by both commercial banks and central banks?

AAdvising the government on monetary policy

BActing as bankers to the government

CFixing the main interest rate

DDealing in foreign exchange

Correct answer

D. Dealing in foreign exchange

Explanation

The correct answer is Dealing in foreign exchange.

1706EconomicsMedium

In the social sciences discrimination as a concept means________?

Aactions taken as a result of prejudicial feelings

Bthe physical ability to see in the dark

Cability to discern the direction of social relations

Dhaving good taste in art and music

Correct answer

A. actions taken as a result of prejudicial feelings

Explanation

The correct answer is actions taken as a result of prejudicial feelings.

1707EconomicsMedium

A production function?

Astates the relationship between products and income distribution

Bdepicts the relationship between input and output

Cis a function of natural resources in a country

Dshows the dependency output of the working population

Correct answer

B. depicts the relationship between input and output

Explanation

The correct answer is depicts the relationship between input and output.

1708EconomicsMedium

When markets fail to allocate resources efficiently, the ultimate source of the problem is usually?

Athat prices are not low enough so firms over produce

Bgovernment regulation

Cthat prices are not high enough, so people overconsume

Dthat property rights have not been well established

Correct answer

D. that property rights have not been well established

Explanation

The correct answer is that property rights have not been well established.

1709EconomicsMedium

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals and the deadweight loss of the subsidy to the Canadian economy equals ?

A20 calculator, $50

B25 calculator, $100

C25 calculator, $50

D20 calculator, $100

Correct answer

A. 20 calculator, $50

Explanation

The correct answer is 20 calculator, $50.

1710EconomicsMedium

The opposite of the rule of law is________?

Athe rule of custom

Banarchy

Cthe rule of reason

Dthe rule of men

Correct answer

D. the rule of men

Explanation

The correct answer is the rule of men.

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Economics MCQs with Explanations

Investment is?

A profit maximising firm will invest up to the level of investment where?

A condition of normlessness and separation from legitimate modes of behavior is termed________?

The oil supplies of the United States are subject to________?

Which function is performed by both commercial banks and central banks?

In the social sciences discrimination as a concept means________?

A production function?

When markets fail to allocate resources efficiently, the ultimate source of the problem is usually?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals ________ and the deadweight loss of the subsidy to the Canadian economy equals ________?

The opposite of the rule of law is________?

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals and the deadweight loss of the subsidy to the Canadian economy equals ?