Explore topic-wise MCQs in Economics Mcqs.

Gross Domestic Product is the sum of the market value of the ?

If Pakistan’s GDP exceeds Pakistan’s GNP, then ?

If a cobbler buys leather for Rs100 and thread for Rs50 and uses them to produce and sell Rs500 worth of shoes to consumers the contribution to GDP is ?

UK GDP would exclude which of the following ?

Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?

A higher GDP per capita may not means that the quality of life has really improved because ?

The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?

Gross Domestic Product can be measured as the sum of ?

The green house effect is the phenomenon by which ?

To adjust from Gross National Product to Net National Product ?

Many environmental resources are public goods, which are characterized by ?

The government levying taxes on polluters or charging a surcharge for pesticide use are ?

Land and natural resources are considered ?

Air pollution from automobile exhausts, and water pollution steel plants are examples of ?

The Genuine Progress indicator is ?

GDP plus net property income from abroad equals what ?

The Montreal Protocal, signed in 1987 and strengthened in 1990 ?

Biodiversity ?

Irreversibility refers to ?

Deforestation ?
I- leads to localized flooding
II- reduces sustainable logging potential
III- reduces watershed stability
IV augments carbon restoration provided by forest

Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?

In a recession ?

To adjust GDP from market prices to factor cost ?

According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?

The Club of Rome Study, The Limits to Growth suggests that as natural resources diminish ?

Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?

Gross National Product equals ?

Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

If your grandparents buy a newly built retirement home, this transaction would affect ?

GDP would include which of the following ?

Net National Product equals ?

Which of the following is an example of tragedy of commons ?

In a boom ?

Which of the following would be excluded from UK GDP fro 2005? The sale of ?

The Organization of Petroleum Exporting Countries (OPEC) is a(n) _________whose members agree to limit output and fix prices?

How is your purchase in Pakistan of a Rs40,000 BMW automobile that was produced entirely in Germany recorded in the Pakistan’s GDP accounts ?

The booming of North Seas’ gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is known as ?

Negative externality is also known as ?

If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?

Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?

An example of a transfer payment is ?

The standard of living is often measured by ?

In a recession a government ?

Theodore panayotou (1993) argues that environment degradation originates from the following EXCEPT ?