Micro Economics MCQ (GK Set-1) with Answers

A policy that encouraged firms to buy more industrial plant.

A policy that encouraged firms to develop and introduce improved technology

A policy that encouraged firms to buy more machinery

A policy that encouraged firms to adopt better technologies that are already available

Its production possibility frontier would shift

Its production would shift to another point on its production possibility frontier

The pattern of products that the country produced would differ from the pattern that its consumers consumed

Consumers would be able to consume at a point outside the production possibility frontier

A policy aimed at reducing unemployment

A policy aimed at reducing the number of people in poverty

A policy aimed at reducing the rate of inflation

A policy aimed at shifting the production possibility frontier outwards

Bankers’ bonuses should be taxed

The eurozone ought to allow member countries in difficulty to stop using the euro and use currencies of their own instead

One of the largest industries in the UK is the financial services industry

The UK government ought to split up some of the largest UK banks to promote more competition in the banking industry

The money you paid for the book

Whatever you would have spent the money on if you had not bought the book

The cost of producing the book

The time you spend studying the book