📊Economics MCQs
Economics MCQs
451 MCQs211
Which types of forest mostly grow in the below of land lying between 50° N and 70° N ?
ATemperate deciduous forests
BTropical evergreen forests
CTemperate coniferous forests
DNone of the above
212
Which country tops in the production of coconut in the world ?
ABangladesh
BSri lanka
CPhilippines
DIndonesia
213
Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?
Aminimize negotiation costs
Bminimize unemployment effects
Cguarantee that only the least productive workers will be laid off.
Dwill equitable spread the layoffs among junior and senior workers
214
An unspoken agreement between workers and firms that the firm will not cut wages is known as ?
Aan implicit or social contract
Ba relative-wage contract
Cemployment at will
Dan explicit contract
215
The expectations augmented Phillips curve was the Work of which group of economists ?
ANew classical economists
BKeynesian.
CMonetarists
DMarxists.
216
The view of the Phillips curve that prevailed in the 1960s implied that policies that ?
Alower unemployment rate will tend to lower the inflation rate
Blower unemployment rate will tend to raise the inflation rate
Craise inflation rate will tend to raise the unemployment rate
Dlower inflation rate will tend to raise the unemployment rate
217
The Phillips curve is a graph showing the relationship between ?
Athe price level and the unemployment rate
Bthe inflation rate and the unemployment rate
Cthe level of aggregate output and the price level
Dthe inflation rate and the level of aggregate demand
218
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?
ANew classical economists
BKeynesian.
CMarxists
DMonetarists
219
The measured unemployment rate can be pushed below the natural rate, but ?
Aonly in the short run, and not without inflation
Bonly in the long run and not without inflation
Conly is the short run and only if the price level is constant
Donly in the long run and only if the price level is constant
220
The natural rate of unemployment is generally thought to be the sum of ?
Africtional unemployment and seasonal unemployment
Bfrictional unemployment and cyclical unemployment
Cfrictional unemployment and structural unemployment
Dcyclical unemployment and structural unemployment