Economics MCQs

A. An increase in the expected inflation

B. An increase in the minimum wage

C. An increase in the price of foreign oil

D. An increase in the aggregate demand

A. Demand shifts outwards

B. The supply curve shifts inwards

C. The quantity supplied falls when the price falls

D. The supply curve shifts outwards

A. In the short run rather than the long run

B. If factors of production are relatively immobile between industries

C. If there are very few producers

D. If it is easy to expand output

A. Sale of goods in large quantities with high quality

B. Sale of goods in large quantities with low quality

C. Sale of goods in large quantities and at a low price

D. Sale of goods in large quantities with a high price

A. Sell 4 million pounds of tin

B. Sell 8 million pounds of tin

C. Buy 4 million pounds of tin

D. Buy 8 million pounds of tin

A. Policy about markets

B. Policy about money supply

C. Policy about imports and exports

D. Policy of controlling of prices of goods

A. Shift demand outwards

B. Shift demand inwards

C. Contractions of demand

D. An extension of demand

A. An increase in the level of output

B. A decrease in the unemployment rate

C. An increase in the rate of inflation

D. All of these answers

A. The minimum wage

B. Rent controls

C. Restricting petrol prices to Rs100 per litre when the equilibrium price is Rs150 per litre

D. All of these answers are price floors

A. Joint company

B. Joint-stock company

C. Limited joint company

D. Limited Company