This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 164 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 164 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The subsistence income as a level affording minimum consumptionof basic necessities. A) Labor problems. B) Inadequate wages. C) Poverty line. D) Poverty threshold. Show Answer Correct Answer: D) Poverty threshold. 2. Individuals are unemployed due to a lack in skills that modern industries need. A) Cyclical Unemployment. B) Frictional Unemployment. C) Structural Unemployment. D) Seasonal Unemployment. Show Answer Correct Answer: C) Structural Unemployment. 3. Which is a final product in a bakery? A) Cake. B) Flour. C) Eggs. D) Sugar. Show Answer Correct Answer: A) Cake. 4. Who is a stockbroker A) Someone who owns, buys and sells shares for money. B) Someone who owns shares. C) All of the above. D) None of above. Show Answer Correct Answer: C) All of the above. 5. If an economy is currently experiencing a contraction or recession, which stage of the business cycle will they experience next? A) Peak. B) Trough. C) Expansion. D) Cyclical. Show Answer Correct Answer: B) Trough. 6. Which of the following is macroeconomics issue? A) Proton and Perodua open a new branch at Sabah and Sarawak. B) Unemployment is 4-6 percent. C) Tenaga Nasional Berhad had increase their profit to 25%. D) None of the above. Show Answer Correct Answer: B) Unemployment is 4-6 percent. 7. Because mutual funds spread your investment around in multiple stocks and bonds, they are a great example of this term A) Diversification. B) Overdraft. C) Debt. D) Beneficiary. Show Answer Correct Answer: A) Diversification. 8. If this economy moves from paint A to point B, then which of the following statements is correct? A) This economy has moved from a point of inefficient production to a point of efficient production. B) This economy has experienced economic growth. C) This economy has experienced an increase in employment. D) This economy has moved from a point of efficient production to a point of inefficient production. E) None of the above. Show Answer Correct Answer: E) None of the above. 9. What happens when water comes in contact with alkai metals? A) It explodes and burns. B) It freezes. C) It breaks. D) It melts into liquid. Show Answer Correct Answer: A) It explodes and burns. 10. Which of the following type of spending do not fall under GDP? A) Investment. B) Government. C) Imports. D) Consumer. Show Answer Correct Answer: C) Imports. 11. Which group of people will benefit from unanticipated inflation? A) Borrowers. B) Savers. C) Lenders. D) Fixed Income. Show Answer Correct Answer: A) Borrowers. 12. Making rational decisions "at the margin" means that people A) Make those decisions that do not impose a marginal cost. B) Evaluate how easily a decision can be reversed if problems arise. C) Compare the marginal cost and marginal benefits of each decision. D) Always calculate the marginal dollar cost for each decision. E) Always calculate the marginal utility for each decision. Show Answer Correct Answer: C) Compare the marginal cost and marginal benefits of each decision. 13. ..... is trying to understand how both individuals and nations behave in response to certain material constraints. A) The underlying essence of economics. B) Global Development Growth. C) Domestic Growth Economic. D) Micro and Macro economics. Show Answer Correct Answer: A) The underlying essence of economics. 14. Reduction in the actual level of unemployment would result in which of the following effects with respect to the nation's production possibilities curve? A) It would shift the curve to the right. B) It would shift the curve to the left. C) It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve. D) It would not shift the curve; it would be represented by moving from a point on or near the curve to a point inside or further inside the curve. Show Answer Correct Answer: C) It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve. 15. If the economy is in a recession, what will the Federal Reserve Board most likely do to initiate a recovery? A) Increase taxes. B) Lower taxes. C) Increase interest rates. D) Lower interest rates. Show Answer Correct Answer: D) Lower interest rates. 16. When the actual inflation rate is greater than the anticipated inflation rate, which of the following is most likely to suffer? A) Those who lend at a fixed interest rate. B) Those who borrow at a fixed interest rate. C) Retired persons with cost-of-living adjustment in their benefits. D) Employers who hire workers with longterm labor contracts. Show Answer Correct Answer: A) Those who lend at a fixed interest rate. 17. Which of the following is not the area of macroeconomics: A) Unemployment rate. B) Market structure. C) Inflation rate. D) Foreign exchange rate. Show Answer Correct Answer: B) Market structure. 18. Microeconomics analyses choices in various situations. Which area of economic study does it not include? A) Costs and revenues of a firm. B) Individual consumer behaviour. C) Policies for economic growth. D) Wages for different occupations. Show Answer Correct Answer: C) Policies for economic growth. 19. In which situation would the borrower likely benefit the most? A) Kiara takes out a five-year car loan with a fixed interest rate just before a long period of rapid inflation. B) Paige takes out a five-year car loan with a variable interest rate just before a long period of rapid inflation. C) Sondra takes out a five-year car loan with a fixed interest rate just before a long period of rapid deflation. D) Gina takes out a five-year car loan with a fixed interest rate just before a long period of rapid deflation. Show Answer Correct Answer: A) Kiara takes out a five-year car loan with a fixed interest rate just before a long period of rapid inflation. 20. The interest rate the Federal Reserve charges on loans it makes to banks defines which of the following terms? A) Open market operations. B) Reserve requirement. C) Discount rate. D) Supply side economics. Show Answer Correct Answer: C) Discount rate. ← PreviousNext →Related QuizzesEconomics QuizzesMacroeconomics Quiz 1Macroeconomics Quiz 2Macroeconomics Quiz 3Macroeconomics Quiz 4Macroeconomics Quiz 5Macroeconomics Quiz 6Macroeconomics Quiz 7Macroeconomics Quiz 8Macroeconomics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books