All Subjects
Pearson9 سوالات
Economics MCQs
Practice Economics multiple-choice questions for Pearson competitive exams. Each question includes the correct answer and a short explanation, and past-paper questions are marked so you can revise both repeated and fresh material in one place.
They are positively related
They are inversely related
They are unrelated
They always remain constant
وضاحتThe Law of Demand states that, holding other factors constant, as the price of a good increases, the quantity demanded decreases.
The monetary cost of producing a good
The value of the next best alternative foregone
The total cost of production
The price charged by the competitor
وضاحتOpportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
GNP
GDP
Consumer Price Index
Trade Balance
وضاحتGross Domestic Product (GDP) is the standard measure of a country's economic activity.
A shortage occurs
A surplus occurs
Equilibrium remains the same
Demand increases automatically
وضاحتIf the price is too high, supply exceeds demand, resulting in a surplus of goods.
A decrease in the money supply
A general increase in prices and a fall in the purchasing value of money
The stabilization of the stock market
A rapid increase in employment
وضاحتInflation reduces the purchasing power of currency over time as goods and services become more expensive.
Consumers are very sensitive to price changes
Consumers are not sensitive to price changes
Price has no effect on demand
Supply will decrease if price increases
وضاحتElastic demand means a small change in price leads to a significant change in the quantity demanded.
To lend money to individual consumers
To manage the nation's money supply and interest rates
To regulate international trade agreements
To calculate personal income taxes
وضاحتCentral banks influence the economy by adjusting monetary policy, such as interest rates and money supply.
A decrease in cost per unit as output increases
An increase in profit due to high demand
Government subsidies for large businesses
The cost of hiring additional workers
وضاحتEconomies of scale occur when the cost per unit of production decreases as the volume of output increases.
The rate of unemployment
The degree of income inequality in a population
The strength of a national currency
The rate of technological growth
وضاحتThe Gini coefficient is a statistical measure of distribution used to indicate income inequality within a country.
Frequently Asked Questions
Are these Economics MCQs free?
Yes. Every Economics MCQ on this page is free to practice, including the correct answer and explanation.
Do these include past-paper questions?
Yes — questions sourced from past papers are clearly marked with a "Past Paper" badge, alongside fresh practice questions.
Which exams do these Economics MCQs help with?
They are aimed at Pearson and related Pakistani competitive exams that test Economics.
How should I practice subject-wise MCQs?
Attempt each question first, then reveal the answer and read the explanation. Short, focused sessions on one subject work better than long unstructured reading.