MCQs4All - Economics MCQs for NTS, FPSC, CSS, IELTS, TOEFL

  1. has shown that is easy to achieve cooperation among cartel members
  2. was successful in raising oil prices in the 1970s but was disbanded in the 1980s
  3. has shown greater success in realizing profits during periods of global recession
  4. has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities
  1. Structural Unemployment
  2. Unemployment due to efficiency wages
  3. Unemployment due to unions
  4. Frictional Unemployment
  1. reserved
  2. delegated
  3. confederate
  4. legislative
  1. attempt to profit by trading on expectations about future currency prices
  2. bear risk as they attempt to ____ beat the market||
  3. attempt to buy currency at a low price and later resell that currency at a higher price
  4. Simultaneously buy a currency at a low price and sell that currency at a higher price, making a riskless profit
  1. as the money supply is decreased the interest rate will increase and the price of UK exports will rise and the Price of UK imports will fall
  2. as the money supply is decreased the interest rate will increase, and the price of UK exports will fall and the price of UK imports will rise
  3. as the money supply is decreased the interest rate will increase and the price of UK exports and UK imports will fall.
  4. as the money supply is decreased the interest rate will increase and the price of both UK exports and UK imports will rise

Economics MCQs for NTS, FPSC, CSS, PPSC, PMS, UTS, FTS, OTS, Economy, Finance, Accounting, MBA, BBA of past papers

  1. Internal laws
  2. By laws
  3. Character
  4. Memorandum of articles
  1. 1948
  2. 1951
  3. 1959
  4. 1961
  1. Theory of reciprocal demand
  2. Theory of absolute advantage
  3. Theory of comarative advantage
  4. Theory of mercantilism
  1. floating exchange rates
  2. pegged exchange rates
  3. managed exchange rates
  4. fixed exchange rates
  1. have the government take over the production of the good causing the externality
  2. ban the production of all goods creating negative externalities
  3. tax the good
  4. subsidize the good
  1. Economics assistance provided by social security
  2. Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees
  3. Both a & b
  4. Nor a nor b
  1. All of the reasons given in these answers are correct
  2. real wages fall rapidly in a recession and the economy moves quickly back to long run equilibrium so limiting the duration of the recession even when exchange rate adjustment is not possible
  3. workers will move from a country in which aggregate demand falls to other countries of the currency union, and so unemployment remains lower than it otherwise would
  4. real wages fall and so offset the inflationary effect of switching from the old currency to the new common currency