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Economics MCQs with Explanations

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2171EconomicsMedium

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

AThe demand for currency the supply of currency

Bimports, exports

Csocial marginal cost, social marginal benefit

Dthe balance of trade, zero

Correct answer

C. social marginal cost, social marginal benefit

Explanation

The correct answer is social marginal cost, social marginal benefit.

2172EconomicsMedium

In microeconomics the household is defined as________?

Athe extended family

Bthe nuclear family

Call of the above

Deveryone who lives under one roof

Correct answer

D. everyone who lives under one roof

Explanation

The correct answer is everyone who lives under one roof.

2173EconomicsMedium

ocial change must be analyzed in terms of________?

Aif it is good for the people

Bstability and efficiency

Cstatics and dynamics

Dbackward and forward progress

Correct answer

C. statics and dynamics

Explanation

The correct answer is statics and dynamics.

2174EconomicsMedium

In the 1980s economists studying the source of growth observed no positive relationship between information and communications technology (ICT) investments and productivity This is known as?

ASolow residual

BStieglitz discrepancies

Ctechnological followership

Dproductivity paradox

Correct answer

D. productivity paradox

Explanation

The correct answer is productivity paradox.

2175EconomicsMedium

Japan’s lean production method is modeled on a system worked out at________?

ANissan Motors

BToyota Motors

CMitsubishi Motors

DMazda Motors

Correct answer

B. Toyota Motors

Explanation

The correct answer is Toyota Motors.

2176EconomicsMedium

An example of a permanent or enduring subculture would be________?

Alife in a survivalist enclave

Bthe military establishment

Ca doomsday cult

Da group of guerrillas

Correct answer

B. the military establishment

Explanation

The correct answer is the military establishment.

2177EconomicsMedium

All of the following are types of imperfect competition except?

Aoligopoly

Bunfair competition

Cmonopolistic competition

Dmonopoly

Correct answer

B. unfair competition

Explanation

The correct answer is unfair competition.

2178EconomicsMedium

According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause?

Aprices to rise and output to remain unchanged

BPrice to fall and output to remain unchanged

CPrices to fall and output to fall

DPrices to rise and output to rise

Correct answer

A. prices to rise and output to remain unchanged

Explanation

The correct answer is prices to rise and output to remain unchanged.

2179EconomicsMedium

Participant observation________?

Amay compromise the objectivity of the researcher

Binvolves experimental controls

Cis exclusively used by anthropologists

Drequires the researcher to disguise his or her identity

Correct answer

A. may compromise the objectivity of the researcher

Explanation

The correct answer is may compromise the objectivity of the researcher.

2180EconomicsMedium

A lake is polluted The fish in it die The algae make unpleasant odors It may be said that________?

Athe ecosystem is disturbed

Bbiological capital is lost

Call of the above

Dthe environment is degraded

Correct answer

C. all of the above

Explanation

The correct answer is all of the above.

According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause?

Aprices to rise and output to remain unchanged

BPrice to fall and output to remain unchanged

CPrices to fall and output to fall

DPrices to rise and output to rise

Correct answer

A. prices to rise and output to remain unchanged

Explanation

The correct answer is prices to rise and output to remain unchanged.

Participant observation________?

Amay compromise the objectivity of the researcher

Binvolves experimental controls

Cis exclusively used by anthropologists

Drequires the researcher to disguise his or her identity

Correct answer

A. may compromise the objectivity of the researcher

Explanation

The correct answer is may compromise the objectivity of the researcher.

Economics MCQs with Explanations

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

In microeconomics the household is defined as________?

ocial change must be analyzed in terms of________?

In the 1980s economists studying the source of growth observed no positive relationship between information and communications technology (ICT) investments and productivity This is known as?

Japan’s lean production method is modeled on a system worked out at________?

An example of a permanent or enduring subculture would be________?

All of the following are types of imperfect competition except?

According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause?

Participant observation________?

A lake is polluted The fish in it die The algae make unpleasant odors It may be said that________?

Economics MCQs with Explanations

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

In microeconomics the household is defined as________?

ocial change must be analyzed in terms of________?

In the 1980s economists studying the source of growth observed no positive relationship between information and communications technology (ICT) investments and productivity This is known as?

Japan’s lean production method is modeled on a system worked out at________?

An example of a permanent or enduring subculture would be________?

All of the following are types of imperfect competition except?

According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause?

Participant observation________?

A lake is polluted The fish in it die The algae make unpleasant odors It may be said that________?

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

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