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Economics MCQs with Explanations

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521EconomicsMedium

According to the text the following people were/are deviant?

AMozart

BThe Hell,s Angels

CPeople with high IQs

DJoan of Arc

Correct answer

B. The Hell,s Angels

Explanation

The correct answer is The Hell,s Angels.

522EconomicsMedium

For given government spending and taxation the government budget deficit will grow in and decline in ?

Abooms, recessions

Bbooms, booms

Crecessions, booms

Drecession, recession

Correct answer

C. recessions, booms

Explanation

The correct answer is recessions, booms.

523EconomicsMedium

Under a pegged exchange rate system which does not explain why a country would have a balance of payments deficit?

Atechnological advance is superior abroad

Bvery high rates of inflation occur domestically

Cforeigners discriminate against domestic products

Dthe domestic currency is undervalued relative to other currencies

Correct answer

D. the domestic currency is undervalued relative to other currencies

Explanation

The correct answer is the domestic currency is undervalued relative to other currencies.

524EconomicsMedium

A counterculture?

Ais based in stores

Bnone of the above

Cemphasizes math

Dopposes values of the mainstream culture

Correct answer

D. opposes values of the mainstream culture

Explanation

The correct answer is opposes values of the mainstream culture.

525EconomicsMedium

Which country produced the second most rubber?

AMalaysia

BIndonesia

CThailand

DIndia

Correct answer

A. Malaysia

Explanation

The correct answer is Malaysia.

526EconomicsMedium

Country A has the comparative advantage in?

ABoth wine and beer

BWine

CNeither wine nor beer

DBeer

Correct answer

B. Wine

Explanation

The correct answer is Wine.

527EconomicsMedium

Pakistan is the ________largest Onion Producer country in the world?

ASixth

BFifth

CEight

DFourth

Correct answer

B. Fifth

Explanation

The correct answer is Fifth.

528EconomicsMedium

Different capital intensity in different industries is mainly explained by and ?

Agovernment grants, international competition

Btechnology, the ease of factor substitution

Cpatents, skill shortages

Dwage differentials, skill levels

Correct answer

B. technology, the ease of factor substitution

Explanation

The correct answer is technology, the ease of factor substitution.

529EconomicsMedium

Knowing the workings of a car engine represents which kind of knowledge?

Anormative

Bvalue oriented

Ccognitive

Drule oriented

Correct answer

C. cognitive

Explanation

The correct answer is cognitive.

530EconomicsMedium

Social organization in the city brought ALL BUT which one of these changes?

AFamilies became nuclear

BFormal agencies of control multiplied

CThe class structure became more rigid

DPrimary group ties became less important

Correct answer

C. The class structure became more rigid

Explanation

The correct answer is The class structure became more rigid.

Under a pegged exchange rate system which does not explain why a country would have a balance of payments deficit?

Atechnological advance is superior abroad

Bvery high rates of inflation occur domestically

Cforeigners discriminate against domestic products

Dthe domestic currency is undervalued relative to other currencies

Correct answer

D. the domestic currency is undervalued relative to other currencies

Explanation

The correct answer is the domestic currency is undervalued relative to other currencies.

Economics MCQs with Explanations

According to the text the following people were/are deviant?

For given government spending and taxation the government budget deficit will grow in ________ and decline in ________?

Under a pegged exchange rate system which does not explain why a country would have a balance of payments deficit?

A counterculture?

Which country produced the second most rubber?

Country A has the comparative advantage in?

Pakistan is the ________largest Onion Producer country in the world?

Different capital intensity in different industries is mainly explained by ________ and ________?

Knowing the workings of a car engine represents which kind of knowledge?

Social organization in the city brought ALL BUT which one of these changes?

Economics MCQs with Explanations

According to the text the following people were/are deviant?

For given government spending and taxation the government budget deficit will grow in ________ and decline in ________?

Under a pegged exchange rate system which does not explain why a country would have a balance of payments deficit?

A counterculture?

Which country produced the second most rubber?

Country A has the comparative advantage in?

Pakistan is the ________largest Onion Producer country in the world?

Different capital intensity in different industries is mainly explained by ________ and ________?

Knowing the workings of a car engine represents which kind of knowledge?

Social organization in the city brought ALL BUT which one of these changes?

For given government spending and taxation the government budget deficit will grow in and decline in ?

Different capital intensity in different industries is mainly explained by and ?

For given government spending and taxation the government budget deficit will grow in and decline in ?

Different capital intensity in different industries is mainly explained by and ?