Economics MCQs

A. An idle because
B. An active balance
C. Directly related to interest rates
D. Inversely related to income

A. Is likely to reduce savings
B. Is likely to reduce the external value of the currency
C. Leads to a shift in the mec schedule
D. Leads to a movement along the mec schedule

A. Past levels of income
B. Future expected profits
C. Present national income levels
D. Historic data

A. Past income
B. Current income
C. Disposable income
D. Permanent income

A. Lower interest rates
B. Lower national income
C. A decrease in the marginal propensity to consume
D. An increase in withdrawals

A. 40 units
B. 195 units
C. 1000 units
D. 200 units

A. The growth of the fastest economy in the world
B. The fastest growth an economy has ever achieved
C. The present rate of growth of an economy
D. The rate of growth that could be achieved if resources were fully employed

A. Zero
B. Negative
C. Where the marginal social benefit = the marginal social cost
D. Total social costs are minimised

A. Lagging indicators
B. Flashing indicator
C. Coincidental indicators
D. Leading indicators

A. 10
B. 1
C. 9
D. 0.1