Economics Practice MCQ Page 22

Multiple Choice questions for Economics in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 1595   Which of the following is least important in the study of macroeconomics ?
  1. The general price level .
  2. Relative prices level.
  3. The unemployment rate.
  4. The interest rate.
  5. Total output of goods and services.
Question: 1596   If the total adult population is 22 million and 99 million workers are employed and 11 million unemployed,then the total labor force is
  1. 220 million.
  2. 110 million.
  3. 99 million.
  4. 11 million .
  5. impossible to determine from the data given.
Question: 1597   Using the information from the previous question,the unemployment rate is
  1. 11.1 percent.
  2. 10 percent.
  3. 9.1 percent.
  4. 5 percent.
  5. impossible to determine from the data given.
Question: 1598   The interest rate tends to
  1. rise during recessions.
  2. move in the same direction as the unemployment rate over the business cycle.
  3. be lower in recession and cycle troughs.
  4. grow steadily over time.
  5. do both a. and b.
Question: 1600   Full employment is a situation where
  1. no one is unemployed.
  2. no one is involuntarily unemployed.
  3. the entire population is working .
  4. the number of unemployed equals the number of job vacancies.
  5. no one is voluntarily unemployed.
Question: 1601   When inflation is positive,
  1. all prices are rising .
  2. no price is falling .
  3. more prices are rising than falling .
  4. the average price of a market basket of goods and services is rising.
  5. the value of the dollars is rising .
Question: 1602   If the market basket of goods that now costs $120 only cost $110 last year ,then rate of inflation this year is .
  1. 9.1 percent.
  2. 10 percent.
  3. 8.3 percent.
  4. 25 percent .
  5. impossible to determine from data given.
Question: 1604   Which of the following would not be included in the market basket of goods used to calculated the consumer price index.
  1. Bread.
  2. Steel.
  3. Housing.
  4. Gasoline.
  5. Automobiles.
Question: 1605   Which of the following would be most likely to gain from a higher -than -anticipated inflation rate?
  1. A retired worker.
  2. A government employee.
  3. A debtor.
  4. A creditor.
  5. A recipient of government transfer payments.
Question: 1607   Which of the following decades was characterized by stagflation?
  1. The 1930s.
  2. The 1940s.
  3. The 1950s.
  4. The 1960.
  5. The 1970.
Question: 1608   In the course of a business cycle ,a recession is followed by
  1. a trough.
  2. a recovery.
  3. a depression.
  4. an expansion.
  5. a peak.
Question: 1610   The average duration of business cycles from peak to peak is about
  1. 25 years.
  2. 10 years.
  3. 5 years.
  4. 2 years.
  5. less than one year.

Answers to the questions of Economics on this page

Following list gives the correct choice for the answer of the Economics mcqs.
1595 . B       1596 . B       1597 . B       1598 . D       1600 . D       1601 . D       1602 . A       1604 . B       1605 . C       1607 . E       1608 . A       1610 . C      

Select Page Number

Economics Page 1Economics Page 2Economics Page 3Economics Page 4Economics Page 5Economics Page 6Economics Page 7Economics Page 8Economics Page 9Economics Page 10Economics Page 11Economics Page 12Economics Page 13Economics Page 14Economics Page 15Economics Page 16Economics Page 17Economics Page 18Economics Page 19Economics Page 20Economics Page 21Economics Page 22Economics Page 23Economics Page 24Economics Page 25Economics Page 26Economics Page 27Economics Page 28Economics Page 29Economics Page 30Economics Page 31Economics Page 32Economics Page 33Economics Page 34Economics Page 35Economics Page 36Economics Page 37Economics Page 38Economics Page 39Economics Page 40Economics Page 41Economics Page 42Economics Page 43Economics Page 44Economics Page 45Economics Page 46Economics Page 47Economics Page 48Economics Page 49Economics Page 50Economics Page 51

MCQ for Practicing Subject Tests

Biology Chemistry Computer Sciences Management Physics Other Subjects
USA College Scholarships Computer Sciences MCQ Management Sciences MCQ Physics MCQ Chemistry MCQ Biology MCQ

----------------------