Economics - Application of Economics
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This is the MCQs of Economics.
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Question 1 of 16
1. Question
The scientific method requires that:
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Question 2 of 16
2. Question
Which of the following is most likely to produce scientific evidence about a theory?
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Question 3 of 16
3. Question
Which of the following statements regarding the circular-flow diagram is true?
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Question 4 of 16
4. Question
In which of the following cases is the assumption most reasonable?
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Question 5 of 16
5. Question
Economic models are
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Question 6 of 16
6. Question
Which of the following is not a factor of production?
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Question 7 of 16
7. Question
Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars The other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists
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Question 8 of 16
8. Question
Points on the production possibilities frontier are:
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Question 9 of 16
9. Question
Which of the following will not shift a country’s production possibilities frontier outward?
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Question 10 of 16
10. Question
Economic growth is depicted by:
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Question 11 of 16
11. Question
Which of the following statements is normative?
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Question 12 of 16
12. Question
In making which of the following statements is an economist acting more like a scientist?
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Question 13 of 16
13. Question
Positive statements are:
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Question 14 of 16
14. Question
Suppose two economists are arguing about policies that deal with unemployment One economist says The government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists
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Question 15 of 16
15. Question
Which of the following issues is related to microeconomics?
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Question 16 of 16
16. Question
Which of the following statements about microeconomics and macroeconomics is not true?
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