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Economics MCQs with Explanations

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3821EconomicsMedium

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to?

Adomestic corporations

Bforeign workers

Cforeign corporations

DThe domestic government

Correct answer

D. The domestic government

Explanation

The correct answer is The domestic government.

3822EconomicsMedium

Which of the following is included in broad money, but not included in narrow money?

ATravelers checks

BCurrency held outside banks

Csavings accounts

DAutomatic-transfer savings accounts

Correct answer

C. savings accounts

Explanation

The correct answer is savings accounts.

3823EconomicsMedium

Firms in oligopoly are likely to?

ATry to be a price maker

BTry to differentiate its products

CAct independently of other firms

DInvest heavily in branding

Correct answer

A. Try to be a price maker

Explanation

The correct answer is Try to be a price maker.

3824EconomicsMedium

Most animal behavior is determined by________?

Abiology and instinct

Banimal culture

Csymbolic interaction

Da system of symbols

Correct answer

A. biology and instinct

Explanation

The correct answer is biology and instinct.

3825EconomicsMedium

Behavioral theories of the firm concentrate on the interests of ?

Aconflicting; different parts of the firm

Bcommon; different parts of the firm

Ccommon; mangers

Dconflicting; managers

Correct answer

A. conflicting; different parts of the firm

Explanation

The correct answer is conflicting; different parts of the firm.

3826EconomicsMedium

Which statement is an example of stereotyping?

ATalent is not the exclusive property of any ethnic group

BThere are good and bad among all ethnic or racial groups

CAll blacks are good basketball players

DJudge each individual on his own merits

Correct answer

C. All blacks are good basketball players

Explanation

The correct answer is All blacks are good basketball players.

3827EconomicsMedium

The purchasing power parity theory has limitations in forecasting exchange rate fluctuations for all of the following reasons except?

Ainternational capital flows affect exchange rates

Binflation effects exchange rates

Cnot all products are internationally tradeable

Dgovernments sometimes impose trade restrictions such as tariffs and quotas

Correct answer

B. inflation effects exchange rates

Explanation

The correct answer is inflation effects exchange rates.

3828EconomicsMedium

Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of________?

Amicroeconomics

Bhyper economics

Csuper economics

Correct answer

A. microeconomics

Explanation

The correct answer is microeconomics.

3829EconomicsMedium

The argument that in some situations the government had to “prime the pump” was advanced by________?

AMilton Friedman

BKarl Marx

CAdam Smith

DJohn Maynard Keynes

Correct answer

D. John Maynard Keynes

Explanation

The correct answer is John Maynard Keynes.

3830EconomicsMedium

A professional trained in a narrow abstract field is a________?

Aforeman

Bvice president

Cbureaucrat

Dspecialist

Correct answer

D. specialist

Explanation

The correct answer is specialist.

Which statement is an example of stereotyping?

ATalent is not the exclusive property of any ethnic group

BThere are good and bad among all ethnic or racial groups

CAll blacks are good basketball players

DJudge each individual on his own merits

Correct answer

C. All blacks are good basketball players

Explanation

The correct answer is All blacks are good basketball players.

The purchasing power parity theory has limitations in forecasting exchange rate fluctuations for all of the following reasons except?

Ainternational capital flows affect exchange rates

Binflation effects exchange rates

Cnot all products are internationally tradeable

Dgovernments sometimes impose trade restrictions such as tariffs and quotas

Correct answer

B. inflation effects exchange rates

Explanation

The correct answer is inflation effects exchange rates.

Economics MCQs with Explanations

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to?

Which of the following is included in broad money, but not included in narrow money?

Firms in oligopoly are likely to?

Most animal behavior is determined by________?

Behavioral theories of the firm concentrate on the ________ interests of ________?

Which statement is an example of stereotyping?

The purchasing power parity theory has limitations in forecasting exchange rate fluctuations for all of the following reasons except?

Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of________?

The argument that in some situations the government had to “prime the pump” was advanced by________?

A professional trained in a narrow abstract field is a________?

Economics MCQs with Explanations

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to?

Which of the following is included in broad money, but not included in narrow money?

Firms in oligopoly are likely to?

Most animal behavior is determined by________?

Behavioral theories of the firm concentrate on the ________ interests of ________?

Which statement is an example of stereotyping?

The purchasing power parity theory has limitations in forecasting exchange rate fluctuations for all of the following reasons except?

Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of________?

The argument that in some situations the government had to “prime the pump” was advanced by________?

A professional trained in a narrow abstract field is a________?

Behavioral theories of the firm concentrate on the interests of ?

Behavioral theories of the firm concentrate on the interests of ?