MCQs

Economics MCQs with Explanations

Read every question, see the correct answer, and understand the explanation at your own pace. Study mode has no timer and no negative marking.

50%

2,260 of 4,520MCQs reviewed

Study Mode — explanations are always visiblePrefer a timed quiz? Start test

2261EconomicsMedium

Kohlberg,s three stages of moral development are________?

Apre-conventional authoritarian and post-conventional

Bpre-conventional conventional and post-conventional

Ccharismatic traditional and legal-rational

Dconventional post conventional and legal-rational

Correct answer

B. pre-conventional conventional and post-conventional

Explanation

The correct answer is pre-conventional conventional and post-conventional.

2262EconomicsMedium

An increase in national income is?

ALikely to decrease investment

BLikely to increase spending on imports

CLikely to decrease savings

DLikely in increase exports

Correct answer

D. Likely in increase exports

Explanation

The correct answer is Likely in increase exports.

2263EconomicsMedium

Which theory of economic management focuses on encouraging product through tax reduction?

ASupervised market

BSupply-side economics

CFree market economics

DLiberalism

Correct answer

B. Supply-side economics

Explanation

The correct answer is Supply-side economics.

2264EconomicsMedium

Which of the following is not TRUE about rural urban migration?

AFrom 1975 to 2000 the number of cities in LDC with populations over 1 million increased from 20 to 50

BMigration to the cities is a larger contributor than natural population growth to urban labor growth is sub Saharan Africa

CThe urban share of total LDC population grew from 27 percent in 1975 and 35 percent in 1992 to 40 percent in 2003

DIn Latin America natural population increase is the major source of urban growth

Correct answer

D. In Latin America natural population increase is the major source of urban growth

Explanation

The correct answer is In Latin America natural population increase is the major source of urban growth.

2265EconomicsMedium

The Heckscher-Ohlin theorem states that a country will have comparative advantage in the good whose production in relatively intensive in the with which the country is relatively abundant?

Atastes

Bfactor/resource

Ctechnology

Dopportunity cost

Correct answer

B. factor/resource

Explanation

The correct answer is factor/resource.

2266EconomicsMedium

All of the following are debit items in the balance of payments except?

Acapital outflows

Bprivate gifts to foreigners

Cforeign aid granted to other nations

Dmerchandise exports

Correct answer

D. merchandise exports

Explanation

The correct answer is merchandise exports.

2267EconomicsMedium

In perfect competition?

AThere are many buyers and sellers

BFirms are price makers

CThere are many buyers but few sellers

DA few firms dominate the industry

Correct answer

A. There are many buyers and sellers

Explanation

The correct answer is There are many buyers and sellers.

2268EconomicsMedium

Middle-and upper-class parents foster the viewpoint that________?

Atheir children should have a classical education

Boccupational success is desirable

Csuccess does not matter as much as happiness

Dstudents should find peers with similar goals

Correct answer

B. occupational success is desirable

Explanation

The correct answer is occupational success is desirable.

2269EconomicsMedium

Culture is based on________?

Agenetic heredity

Bsimple learning only

Clearning thorough symbols

Dinstinct

Correct answer

C. learning thorough symbols

Explanation

The correct answer is learning thorough symbols.

2270EconomicsMedium

Land will be allocated between competing uses so that?

Athe equilibrium rental rate equilibrium total demand with supply

Bhousing gets priority

Cfarming gets priority

Dindustry gets priority

Correct answer

A. the equilibrium rental rate equilibrium total demand with supply

Explanation

The correct answer is the equilibrium rental rate equilibrium total demand with supply.

Kohlberg,s three stages of moral development are________?

Apre-conventional authoritarian and post-conventional

Bpre-conventional conventional and post-conventional

Ccharismatic traditional and legal-rational

Dconventional post conventional and legal-rational

Correct answer

B. pre-conventional conventional and post-conventional

Explanation

The correct answer is pre-conventional conventional and post-conventional.

Which of the following is not TRUE about rural urban migration?

AFrom 1975 to 2000 the number of cities in LDC with populations over 1 million increased from 20 to 50

BMigration to the cities is a larger contributor than natural population growth to urban labor growth is sub Saharan Africa

CThe urban share of total LDC population grew from 27 percent in 1975 and 35 percent in 1992 to 40 percent in 2003

DIn Latin America natural population increase is the major source of urban growth

Correct answer

D. In Latin America natural population increase is the major source of urban growth

Explanation

The correct answer is In Latin America natural population increase is the major source of urban growth.

Land will be allocated between competing uses so that?

Athe equilibrium rental rate equilibrium total demand with supply

Bhousing gets priority

Cfarming gets priority

Dindustry gets priority

Correct answer

A. the equilibrium rental rate equilibrium total demand with supply

Explanation

The correct answer is the equilibrium rental rate equilibrium total demand with supply.