📊Economics MCQs
Economics MCQs
451 MCQs371
Economies of Scale meaning ?
📊EconomicsBy: Adnan Rai
ACost on all products
BReduced per unit Cost
CHigher per unit Cost
DNone of these
372
Which of the following statements is correct ?
AIf the current accounts is in surplus then the capital account must also be in surplus
BIf the current account is in deficit then the capital account must also be in deficit
CThe overall sum of all the entries in the balance of payments must be positive
DThe overall sum of all entries in the balance of payments must be zero
373
Psychology deals with_________________?
Aonly violent behavior
Bonly normal behavior
Cmental states of individual humans
Dgroups of people in interaction E. None of these
374
To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?
Aan equality of trade position
Ba favorable balance of trade
Ca more open market
Da belief system
375
One principle in the theory of mercantilism is that colonies should be_____________?
Agranted independence as soon as possible
BConsidered an economic burden for the colonial power
Cencouraged to develop their own industries
Dacquired as markets and sources of raw materials
376
During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??
Aan expansion of China’s colonial empire
Ban increase in trade with the West
Ca return to a strict command economy
Dthe success of the commune system
377
Groundnut crop is the monopoly of ____________?
AIndonesia
BBangladesh
CPakistan
DIndia
378
Loas Ginger is otherwise known as_______________?
AGhialiangale
BGlalangal
CGhalingale
DGalangal
379
What was the top timber producing country ?
AUnited States
BChina
CIndia
DBrazil
380
The Book “An Inquiry into the Nature and Causes of the Wealth of Nations” is written by
📊EconomicsBy: Abdul Saboor Nasar philosopher Adam Smith published An Inquiry into the Nature and Causes of the Wea
AAdam Smith
BDavid Ricardo
CMalthus
DJ. M. Keynes