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Economics MCQs with Explanations

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2031EconomicsMedium

What is National debt or public debt?

Astate’s borrowing from international institution

BState’s borrowing from foreign government

CAll of these

DState’s borrowing from its population

Correct answer

C. All of these

Explanation

The correct answer is All of these.

2032EconomicsMedium

Similar to import tariffs import quotas tend to result in?

Adecrease producer surplus

Bincreased government revenue

Chigher prices and reduced imports

Dincreased consumer surplus

Correct answer

C. higher prices and reduced imports

Explanation

The correct answer is higher prices and reduced imports.

2033EconomicsMedium

When the decrease in the price of one good causes the demand for another good to decrease, the goods are________?

Anromal

Bcomplements

Csubstitutes

Dinferior

Correct answer

C. substitutes

Explanation

The correct answer is substitutes.

2034EconomicsMedium

Who is insolvent________?

AA firm that is unable to pay debts

BA firm that has more liabilities than assets

CA firm that is for sale

DA firm that is liquidated

Correct answer

A. A firm that is unable to pay debts

Explanation

The correct answer is A firm that is unable to pay debts.

2035EconomicsMedium

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets?

ADevolution

BCut-rate

CPrice cap

DDevaluation

Correct answer

D. Devaluation

Explanation

The correct answer is Devaluation.

2036EconomicsMedium

What country is third most covered by forests?

ASolomon Islands

BGabon

CFrench Guiana

DSurinam

Correct answer

D. Surinam

Explanation

The correct answer is Surinam.

2037EconomicsMedium

The marginal propensity to withdraw is?

A1/investment multiplier

B1-(1/injections multiplier

Cthe proportion of national income that is withdraw from the circular flow of income

DMPS + MPT + MPM

Correct answer

D. MPS + MPT + MPM

Explanation

The correct answer is MPS + MPT + MPM.

2038EconomicsMedium

The situation when a country imports more than it exports is?

Aa recession

Ba trade deficit

Ca trade surplus

Dan expansion.

Correct answer

B. a trade deficit

Explanation

The correct answer is a trade deficit.

2039EconomicsMedium

Primary group are basic to the development of________?

Apolitics

Blaw

Csocial change

Dpersonality

Correct answer

D. personality

Explanation

The correct answer is personality.

2040EconomicsMedium

Term the authorization whether written or electronic, that shareholders’ votes may be cast by others?

ACasting vote

BProxy vote

CRemote vote

DAbsentia vote

Correct answer

B. Proxy vote

Explanation

The correct answer is Proxy vote.

2031EconomicsMedium

What is National debt or public debt?

Astate’s borrowing from international institution

BState’s borrowing from foreign government

CAll of these

DState’s borrowing from its population

Correct answer

C. All of these

Explanation

The correct answer is All of these.

2032EconomicsMedium

Similar to import tariffs import quotas tend to result in?

Adecrease producer surplus

Bincreased government revenue

Chigher prices and reduced imports

Dincreased consumer surplus

Correct answer

C. higher prices and reduced imports

Explanation

The correct answer is higher prices and reduced imports.

2033EconomicsMedium

When the decrease in the price of one good causes the demand for another good to decrease, the goods are________?

Anromal

Bcomplements

Csubstitutes

Dinferior

Correct answer

C. substitutes

Explanation

The correct answer is substitutes.

2034EconomicsMedium

Who is insolvent________?

AA firm that is unable to pay debts

BA firm that has more liabilities than assets

CA firm that is for sale

DA firm that is liquidated

Correct answer

A. A firm that is unable to pay debts

Explanation

The correct answer is A firm that is unable to pay debts.

2035EconomicsMedium

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets?

ADevolution

BCut-rate

CPrice cap

DDevaluation

Correct answer

D. Devaluation

Explanation

The correct answer is Devaluation.

2036EconomicsMedium

What country is third most covered by forests?

ASolomon Islands

BGabon

CFrench Guiana

DSurinam

Correct answer

D. Surinam

Explanation

The correct answer is Surinam.

2037EconomicsMedium

The marginal propensity to withdraw is?

A1/investment multiplier

B1-(1/injections multiplier

Cthe proportion of national income that is withdraw from the circular flow of income

DMPS + MPT + MPM

Correct answer

D. MPS + MPT + MPM

Explanation

The correct answer is MPS + MPT + MPM.

2038EconomicsMedium

The situation when a country imports more than it exports is?

Aa recession

Ba trade deficit

Ca trade surplus

Dan expansion.

Correct answer

B. a trade deficit

Explanation

The correct answer is a trade deficit.

2039EconomicsMedium

Primary group are basic to the development of________?

Apolitics

Blaw

Csocial change

Dpersonality

Correct answer

D. personality

Explanation

The correct answer is personality.

2040EconomicsMedium

Term the authorization whether written or electronic, that shareholders’ votes may be cast by others?

ACasting vote

BProxy vote

CRemote vote

DAbsentia vote

Correct answer

B. Proxy vote

Explanation

The correct answer is Proxy vote.