MCQs

Economics MCQs with Explanations

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541EconomicsMedium

Even through buying roles in the family change constantly the ________ has traditionally been the main purchasing agent for the family?

Ahusband

Bwife

Cteenage children

Dgrandparent

Correct answer

B. wife

Explanation

The correct answer is wife.

542EconomicsMedium

Latent functions of government include________?

Ahealth care

Bthe rise of administrative elites

Cwar

Dpublic education

Correct answer

B. the rise of administrative elites

Explanation

The correct answer is the rise of administrative elites.

543EconomicsMedium

If some gain and some lose as the result of a proposed change and it can be demonstrated that the value of the gains would exceed the value of the losses then the change is said to be?

Aunequivocally Pareto optimal

Btechnically efficient.

Cpotentially efficient

Dinefficient.

Correct answer

C. potentially efficient

Explanation

The correct answer is potentially efficient.

544EconomicsMedium

Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?

ALittle Tigers

BFour Tigers

CFour Dragons

DAll of these

Correct answer

B. Four Tigers

Explanation

The correct answer is Four Tigers.

545EconomicsMedium

A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are?

Aneo-Keynesian economists

BNew classical economists

Csupply side economists

Drational -expectations economists

Correct answer

C. supply side economists

Explanation

The correct answer is supply side economists.

546EconomicsMedium

What does mean by Deed________?

ASomething done

Blegal instrument used to grand a right

Cnone of the above

Dlegal instrument

Correct answer

B. legal instrument used to grand a right

Explanation

The correct answer is legal instrument used to grand a right.

547EconomicsMedium

The social science that deals with human use of the natural environment is________?

Aphysiology

Bchemistry

Cgeography

Dgenetics

Correct answer

C. geography

Explanation

The correct answer is geography.

548EconomicsMedium

The formula for average variable cost (AVC) is?

ADq/DTVC

Bq/TVC

CTVC/q

DDTVC/Dq

Correct answer

C. TVC/q

Explanation

The correct answer is TVC/q.

549EconomicsMedium

The public Sector Net Cash Requirement (PSNCR) is?

AA measure of the country’s budget position

BA measure of the government’s monetary stance

CA measure of the country’s total debt

DA measure of the country’s trade position

Correct answer

A. A measure of the country’s budget position

Explanation

The correct answer is A measure of the country’s budget position.

550EconomicsMedium

When a minority group accepts the culture of the dominant group it is called________?

Aacculturation

Baccommodation

Cassimilation

Damalgamation

Correct answer

C. assimilation

Explanation

The correct answer is assimilation.

The public Sector Net Cash Requirement (PSNCR) is?

AA measure of the country’s budget position

BA measure of the government’s monetary stance

CA measure of the country’s total debt

DA measure of the country’s trade position

Correct answer

A. A measure of the country’s budget position

Explanation

The correct answer is A measure of the country’s budget position.