MCQs

Economics MCQs with Explanations

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2201EconomicsMedium

Reaganomics was a radical shift in policy aimed at directly tackling?

Athe supply side of the country

Bthe underground economy

Cthe demand side of the economy

Dthe charities economy

Correct answer

A. the supply side of the country

Explanation

The correct answer is the supply side of the country.

2202EconomicsMedium

Futurist Alvin Toffler called his concept________?

Amyocardial shock

Bfuture shock

Cstatic shock

Dculture shock

Correct answer

B. future shock

Explanation

The correct answer is future shock.

2203EconomicsMedium

Devaluation means?

ALowering of the value of one currency in comparison of some foreign currency

BMaking rupee dearer in comparison to some foreign currency

CNone of these

DConverting rupee into gold

Correct answer

A. Lowering of the value of one currency in comparison of some foreign currency

Explanation

The correct answer is Lowering of the value of one currency in comparison of some foreign currency.

2204EconomicsMedium

In the long run, if a very small factory were to expand its scale of operations it is likely that it would initially experience?

Adiseconomies of scale

Bconstant returns to scale

Ceconomies of scale

Dan increase in average total costs

Correct answer

C. economies of scale

Explanation

The correct answer is economies of scale.

2205EconomicsMedium

Deviance that is covered by the laws of a society is called________?

Aalienation

Banomie

Cdifferentiation

Dcrime

Correct answer

D. crime

Explanation

The correct answer is crime.

2206EconomicsMedium

Most empirical studies show that firm’s cost curves?

Aslope up to the right

Bslope down to the right and then level off.

Care U-shaped

Dslope down to the right

Correct answer

B. slope down to the right and then level off.

Explanation

The correct answer is slope down to the right and then level off..

2207EconomicsMedium

Of the 57 million people dying worldwide in 2002, were from stroke and heart disease and from cancer disproportionately from DCs?

A7 million, 0.7 million

B3 million, 1 million

C0.5 million, 5 million

D17 million, 7 million

Correct answer

D. 17 million, 7 million

Explanation

The correct answer is 17 million, 7 million.

2208EconomicsMedium

The slope at any point on an indifference curve is known as?

Athe marginal rate of substitution

Bthe trade-off rates

Cthe marginal rate of indifference

Dthe marginal rate of trade-off.

Correct answer

A. the marginal rate of substitution

Explanation

The correct answer is the marginal rate of substitution.

2209EconomicsMedium

Which of the following is Not True about education in LDCs?

AThe expansion of primary education redistributes benefits from the rich to the poor

BEconomists unanimously agree that LDCs should put greater priority on primary education

CBoys are sent to schools far more often than girls

DPublic expenditure per student for higher education is about ten times as high as for primary education

Correct answer

B. Economists unanimously agree that LDCs should put greater priority on primary education

Explanation

The correct answer is Economists unanimously agree that LDCs should put greater priority on primary education.

2210EconomicsMedium

Functionalist theorists view stratification system as________?

Aresulting from a need for order

Bproviding a stabilizing influence on society

Call of the above

Dpreventing conflicts among individuals

Correct answer

C. all of the above

Explanation

The correct answer is all of the above.

Devaluation means?

ALowering of the value of one currency in comparison of some foreign currency

BMaking rupee dearer in comparison to some foreign currency

CNone of these

DConverting rupee into gold

Correct answer

A. Lowering of the value of one currency in comparison of some foreign currency

Explanation

The correct answer is Lowering of the value of one currency in comparison of some foreign currency.

Which of the following is Not True about education in LDCs?

AThe expansion of primary education redistributes benefits from the rich to the poor

BEconomists unanimously agree that LDCs should put greater priority on primary education

CBoys are sent to schools far more often than girls

DPublic expenditure per student for higher education is about ten times as high as for primary education

Correct answer

B. Economists unanimously agree that LDCs should put greater priority on primary education

Explanation

The correct answer is Economists unanimously agree that LDCs should put greater priority on primary education.

Economics MCQs with Explanations

Reaganomics was a radical shift in policy aimed at directly tackling?

Futurist Alvin Toffler called his concept________?

Devaluation means?

In the long run, if a very small factory were to expand its scale of operations it is likely that it would initially experience?

Deviance that is covered by the laws of a society is called________?

Most empirical studies show that firm’s cost curves?

Of the 57 million people dying worldwide in 2002, ________ were from stroke and heart disease and ________ from cancer disproportionately from DCs?

The slope at any point on an indifference curve is known as?

Which of the following is Not True about education in LDCs?

Functionalist theorists view stratification system as________?

Economics MCQs with Explanations

Reaganomics was a radical shift in policy aimed at directly tackling?

Futurist Alvin Toffler called his concept________?

Devaluation means?

In the long run, if a very small factory were to expand its scale of operations it is likely that it would initially experience?

Deviance that is covered by the laws of a society is called________?

Most empirical studies show that firm’s cost curves?

Of the 57 million people dying worldwide in 2002, ________ were from stroke and heart disease and ________ from cancer disproportionately from DCs?

The slope at any point on an indifference curve is known as?

Which of the following is Not True about education in LDCs?

Functionalist theorists view stratification system as________?

Of the 57 million people dying worldwide in 2002, were from stroke and heart disease and from cancer disproportionately from DCs?

Of the 57 million people dying worldwide in 2002, were from stroke and heart disease and from cancer disproportionately from DCs?