MCQs

Economics MCQs with Explanations

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3061EconomicsMedium

The study of human population in terms of size, density, location age gender, race occupation and other statistics is called?

AHemos-popography

BEthnography

CGeothermy

DDemography

Correct answer

D. Demography

Explanation

The correct answer is Demography.

3062EconomicsMedium

When producers, wholesalers, and retailers act as a unified system they comprise a?

Apower-based marketing system

Bconventional marketing system

Cvertical marketing system

Dhorizontal marketing system

Correct answer

C. vertical marketing system

Explanation

The correct answer is vertical marketing system.

3063EconomicsMedium

What kind of soil is treated with gypsum to make it suitable for cropping?

AAlkaline

BNone of these

CAcidic

DWaterlogged

Correct answer

A. Alkaline

Explanation

The correct answer is Alkaline.

3064EconomicsMedium

A perfectly competitive market has?

Aat least a few sellers.

Bfirms that set their own prices

Cmany buyers and sellers.

Donly one seller.

Correct answer

C. many buyers and sellers.

Explanation

The correct answer is many buyers and sellers..

3065EconomicsMedium

If Canada runs a balance of payments surplus and exchange rates are floating?

Athe price of foreign goods will rise for Canadians

Bthe dollar will depreciate relative to other currencies

Cthe value of other currencies will rise relative to the dollar

Dthe price of foreign goods will become cheaper to Canadians

Correct answer

D. the price of foreign goods will become cheaper to Canadians

Explanation

The correct answer is the price of foreign goods will become cheaper to Canadians.

3066EconomicsMedium

The free market involves?

AMarket forces of supply and demand

BThe Subsidizing of products by the government

CThe free provision of products

DAll trade via barter

Correct answer

A. Market forces of supply and demand

Explanation

The correct answer is Market forces of supply and demand.

3067EconomicsMedium

Cities and towns came into existence due to?

AMovement of population

Bgrowth of agriculture

Cdevelopment of commerce and trade

DUrbanization

Correct answer

C. development of commerce and trade

Explanation

The correct answer is development of commerce and trade.

3068EconomicsMedium

The external benefits of using cars are and the external costs are ____?

Ahigh; high

Blow; high

Chigh; low

Dlow; low

Correct answer

B. low; high

Explanation

The correct answer is low; high.

3069EconomicsMedium

Pick out the generic term for the securities industry firms that buy sell and underwrite securities?

AYahoo index

BNASDAQ

CNikkei index

DWall street

Correct answer

D. Wall street

Explanation

The correct answer is Wall street.

3070EconomicsMedium

When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call?

Atrade creation

Btrade diversion

Ctrade channeling

Dtrade creation and trade diversion

Correct answer

D. trade creation and trade diversion

Explanation

The correct answer is trade creation and trade diversion.

If Canada runs a balance of payments surplus and exchange rates are floating?

Athe price of foreign goods will rise for Canadians

Bthe dollar will depreciate relative to other currencies

Cthe value of other currencies will rise relative to the dollar

Dthe price of foreign goods will become cheaper to Canadians

Correct answer

D. the price of foreign goods will become cheaper to Canadians

Explanation

The correct answer is the price of foreign goods will become cheaper to Canadians.

Economics MCQs with Explanations

The study of human population in terms of size, density, location age gender, race occupation and other statistics is called?

When producers, wholesalers, and retailers act as a unified system they comprise a?

What kind of soil is treated with gypsum to make it suitable for cropping?

A perfectly competitive market has?

If Canada runs a balance of payments surplus and exchange rates are floating?

The free market involves?

Cities and towns came into existence due to?

The external benefits of using cars are ____ and the external costs are ________?

Pick out the generic term for the securities industry firms that buy sell and underwrite securities?

When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call?

Economics MCQs with Explanations

The study of human population in terms of size, density, location age gender, race occupation and other statistics is called?

When producers, wholesalers, and retailers act as a unified system they comprise a?

What kind of soil is treated with gypsum to make it suitable for cropping?

A perfectly competitive market has?

If Canada runs a balance of payments surplus and exchange rates are floating?

The free market involves?

Cities and towns came into existence due to?

The external benefits of using cars are ____ and the external costs are ________?

Pick out the generic term for the securities industry firms that buy sell and underwrite securities?

When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call?

The external benefits of using cars are and the external costs are ____?

The external benefits of using cars are and the external costs are ____?