Economics Mcqs Set 4 with Answers

Economics Multiple Choice Questions (MCQs) for Basic to Advanced Test Preparation. For your test preparation, here are the Basic to Advance and Most Important Economics Mcqs. Economics Multiple Choice Questions for Lecturer and Subject Specialist Exams.

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Economics MCQS Set 4

1 / 10

Trade-offs are required because wants are unlimited, and resources are ?

2 / 10

An increase in the price of beef providers information which ?

3 / 10

Suppose you find Rs 20. If you choose to use the Rs 20 to go to a football match your opportunity cost of going to the game is ?

4 / 10

High and persistent inflation is caused by ?

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Which of the following statements is true about a market economy ?

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Which of the following products would be least capable of producing an externality ?

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Which one of the following is a normative statement ?

8 / 10

Economics is the study of ?

9 / 10

A rational person does not act unless ?

10 / 10

-7-+47-+45-+-+Since people respond to incentives, we would expect that if the average salary of accountants increases by 50% while the average salary of teachers increase by 20% then ?

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