Tag: Economics Mcqs With Answers

(A) Purchase of a new car for the Ministry of Finance
(B) Funding of a clinic to provide free vaccinations.
(C) Free food coupons issued to persons in an anti-
poverty program.
(D) Funding of a new bridge in an urban area

(A) Payments made for income taxes
(B) Depreciation allowances
(C) Undistributed profits
(D) The value added from intermediate goods

(A) The level of output of goods and services
(B) The general level of prices
(C) The growth of real output
(D) All of the above

(A Production of goods of mass consumption at lower
cost;
(B) Production of goods and services for those who
have purchasing power;
(C) Getting greatest satisfaction from available
resources ;
(D) Full employment of working force

(A) Attainable
(B) Unattainable
(C) Attainable with increase in production facilities
(D) None

(A) Demand and supply of factor inputs
(B) Demand and supply of goods;
(C) Relative prices and availability of factors of
production
(D) Government intervention

(A) Adam Smith
(B) Samulson
(C) Robertson
(D) JB Say

(A) Latin, small
(B) Greek, small
(C) English, tiny
(D) Roman, small