Economics MCQs

General Economics Questions with solutions MCQs

1. An isoquant slopes usually:

A

downward to the left

B

downward to the right

C

upward to the right

D

upward to the left

General Economics Accounts Assistant LAHDC
Correct Answer : B
Explanation :

downward to the right

Correct Answered :

Wrong Answered :

2. Which of the following methods is/are used for measuring national income:

A

Output method

B

Expenditure method

C

Income method

D

All of above

General Economics Accounts Assistant LAHDC
Correct Answer : D
Explanation :

All of above

Correct Answered :

Wrong Answered :

3. Higher PPC curve indicates:

A

More production of both the things with increase in technology or factor inputs supply

B

More production of one at the expense of other

C

More production of one items at the expense of other with increase in technology or factor input supply

D

Less than full employment situation

General Economics Accounts Assistant LAHDC
Correct Answer : A
Explanation :

More production of both the things with increase in technology or factor inputs supply

Correct Answered :

Wrong Answered :

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