Economics MCQs

A. Fall
B. Not change
C. Fluctuate
D. Increase

A. Compare living standards of different countries
B. Pay wages b multinational companies
C. Estimate the costs of economic growth
D. Convert nominal gdp to real gdp

A. Unemployment
B. Inflation
C. Economic growth
D. All of the above

A. A final good
B. An intermediate good
C. An injection
D. A leakage

A. Consumption investment exports
B. Investment exports transfer payments
C. Investment government expenditure exports
D. Taxes exports, transfer payments

A. Consumer expenditure government expenditure and investment
B. Consumer expenditure investment government expenditure and exports less imports
C. Consumer debt investment debt and government debt
ConSumer expenditure and investment

A. Investment + tax + exports
B. Savings + government expenditure + exports
C. Investment + government expenditure + imports
D. Investment + government expenditure + exports

A. Taxes
B. Prices
C. Exchange rates
D. Interest rates

A. Reduce inflation with little or no increase in unemployment
B. Increase inflation but would decrease unemployment by an unusually large amount
C. Increase inflation with little or no decrease in unemployment
D. Reduce inflation but it would increase unemployment by an unusually large amount

A. Imperfectly competitive markets:
B. Only the long run adjustments to equilibrium in the economy
C. The functioning of individual industries and the behavior of individual decision-making units business firms and households
D. The economy as a whole