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Economics Mcqs

Showing 21 – 40 of 4,585 verified multiple choice questions with answers and explanations.

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Q21

In development economics, who said,”Economic growth means more output”.

Q22

When did World Trade Organization replace General Agreement on Tariffs and Trade (GATT)?

Q23

What is the GDP growth of Pakistan in 2021 ?

Q24

Normally a demand curve will have the shape:_________?

Q25

Oligopoly means:___________?

Q26

Which indicator/s is/are used in the Human Development Index(HDI)?

Q27

Country with the largest GNP (Gross National Product) is:________?

Q29

The Book “An Inquiry into the Nature and Causes of the Wealth of Nations” is written by

Q30

Adam Smith was __________?

Q33

Who among the following has first to coined the term “Helicopter Money”?

Q34

The positive relationship between price and quantity supplied is called:_________?

Q35

Economies of Scale meaning ?

Q36

Foreign aid________________?

Q37

Which is NOT a theoretical perspective on international relations_______________?

Q39

Which is NOT a common objective of states ?

Q40

Before the Treaty of Westphalia (1648) political organization around the world had been_________________?

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