MCQs

Economics MCQs with Explanations

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981EconomicsMedium

Policies to encourage productivity do not include?

Aencouraging risk-taking

Bbuilding more retail outlets

Cencouraging innovation

Dencouraging R & D

Correct answer

B. building more retail outlets

Explanation

The correct answer is building more retail outlets.

982EconomicsMedium

Rank utilitarianism liberalism, and libertarianism in sequence from the political philosophy that would redistribute income the greatest to the one that would redistribute income the least?

Autilitarianism, liberalism, libertarianism

BAll three political philosophies argue for similar degree of income redistribution

Clibertariansim, utilitarianism, libertarianism

Dliberalism, libertarianism, utilitarianism

Elibertarianism liberalism, utilarianism

Correct answer

C. libertariansim, utilitarianism, libertarianism

Explanation

The correct answer is libertariansim, utilitarianism, libertarianism.

983EconomicsMedium

How I measured the change in the cost of basic goods and services in comparison with a fixed base period?

AHuman Development Index (HDI)

BComplete Price Index (CPI)

CComparative Price Index (CPI)

DConsumer Price Index (CPI)

Correct answer

B. Complete Price Index (CPI)

Explanation

The correct answer is Complete Price Index (CPI).

984EconomicsMedium

Foreign aid________?

Ais what ultimately overthrowing communism

Bshould be abolished until poverty is eliminated is our own society

CNone of the above

Dhas been used as an instrument of foreign policy by the U.S

Correct answer

D. has been used as an instrument of foreign policy by the U.S

Explanation

The correct answer is has been used as an instrument of foreign policy by the U.S.

985EconomicsMedium

What was the top mild producing country?

AGermany

BFrance

CUnited States

DRussia

Correct answer

C. United States

Explanation

The correct answer is United States.

986EconomicsMedium

The largest number of Latinos come form________?

APuerto Rico

BMexico

CSpain

DLatin American

Correct answer

B. Mexico

Explanation

The correct answer is Mexico.

987EconomicsMedium

Oil is measured in barrels. What is the abbreviation for barrels________?

ABel

BObl

CBrl

DBbl

Correct answer

D. Bbl

Explanation

The correct answer is Bbl.

988EconomicsMedium

The value of plant and equipment worn out in the process of manufacturing goods and services is measured by?

ANet National Product

Bdepreciation

Cconsumption

DInvestment

Eintermediate production

Correct answer

B. depreciation

Explanation

The correct answer is depreciation.

989EconomicsMedium

When a market is contestable, incumbent firms must ________ to avoid the entry of new competitors?

Aagree to act together

Bbehave like competitive firms

Cdifferentiate their products

Dpractice price discrimination

Correct answer

B. behave like competitive firms

Explanation

The correct answer is behave like competitive firms.

990EconomicsMedium

The density of population in Sindh is?

A305 per sq. Km

B239 per sq. Km

C212 per sq. Km

D270 per sq. Km

Correct answer

C. 212 per sq. Km

Explanation

The correct answer is 212 per sq. Km.

Rank utilitarianism liberalism, and libertarianism in sequence from the political philosophy that would redistribute income the greatest to the one that would redistribute income the least?

Autilitarianism, liberalism, libertarianism

BAll three political philosophies argue for similar degree of income redistribution

Clibertariansim, utilitarianism, libertarianism

Dliberalism, libertarianism, utilitarianism

Elibertarianism liberalism, utilarianism

Correct answer

C. libertariansim, utilitarianism, libertarianism

Explanation

The correct answer is libertariansim, utilitarianism, libertarianism.

Foreign aid________?

Ais what ultimately overthrowing communism

Bshould be abolished until poverty is eliminated is our own society

CNone of the above

Dhas been used as an instrument of foreign policy by the U.S

Correct answer

D. has been used as an instrument of foreign policy by the U.S

Explanation

The correct answer is has been used as an instrument of foreign policy by the U.S.