Economics Interview Questions

 
1.
How best to define economics?
2.
Does Europe the USA or China have the largest economy?
3.
What currency was used in the 1700s?
4.
Why do some people believe that a mixed economic system solves basic economic problems?
5.
Should Newspapers and book publishers convert to electronic publishing over paper publishing as their primary product?
6.
What are the advantages of leaving the allocation of a countrys resources to the price mechanism?
7.
What kind of market structure is the automotive industry?
8.
What are the advantages of free market economy?
9.
What are the disadvantages of mixed economy system?
10.
What was the theory of mercantilism?
11.
Why was Vietnam divided into two countries?
12.
What can you do about tourists use of natural resources?
13.
What are the various uses for break-even analysis?
14.
What still matters in strategic management lies in the value of planning?
15.
What is the importance of strategic management towards the success of a business?
16.
What are the effects of globalization on Indian industry?
17.
How tourism is an upcoming industry?
18.
What caused the Great Depression?
19.
Is there a difference between corporate profit maximization and maximization of shareholder wealth?
20.
Is there a rule of thumb for office rent or lease per gross income?
21.
How does one arrive at a competitive pricing strategy for a multi-service practice where there are no specific products in question?
22.
How do the average household income of the different countries compare?
23.
What is the marginal cost of capital?
24.
What will be the long-term effects of the Baby Boom?
25.
Who are Canadas top three trading partners?
26.
What is the Gross Domestic Product of Norway?
27.
What is the economy in Bulgaria like?
28.
Who decides what goods services will be produced and sold in the US?
29.
Why is economics seen as a social science?
30.
What is the Malthusian theory on population?
31.
What does macroeconomics mean?
32.
Is there competition between the producers in Canada?
33.
How do tax cuts affect the economy?
34.
What is the difference in changing the scope between a spiral approach and a waterfall approach?
35.
What is globalization and what are its effects on the Indian economy?
36.
What are the types of market economies?
37.
What is the opportunity cost of devoting scarce university land to car parking?
38.
How do reductions in government spending affect the economy?
39.
What is the significance of foreign exchange rate risk and how can this risk be mitigated?
40.
How do the determinants of demand affect the price of a particular product?
41.
What is a monopoly?
42.
How does outsourcing affect the economy?
43.
What is an Oligopoly?
44.
How do you explain GNI per capita?
45.
What is the average standard of living in Africa?
46.
What kind of market demand and supply information would be useful to you in deciding upon a business strategy?
47.
What are the advantages of regional integration?
48.
In economics what is a normative statement?
49.
What are the differences between perfect competition and monopoly competition?
50.
What are business cycles and what role do the Federal Reserve and Federal Government have in trying to control them?
51.
What is the advantage of mixed economy system?
52.
What are the advantages and disadvantages of both a fixed exchange rate regime and a flexible exchange rate regime?
53.
Why do prices tend to up?
54.
What are the differences between absolute advantage and comparative advantage?
55.
What are the steps in hypothesis testing?
56.
What advantages might a socialist system have in responding to the needs of the poor?
57.
What are the functions of price mechanism in a free market economy?
58.
What is the impact on the economy if price ceiling or price floor were removed?
59.
What is privatization?
60.
What is the difference between project proposal and project feasibility study?
61.
What is inflation?
62.
Why did the European Union make monetary unification?
63.
What are the advantages of capitalism?
64.
What is the importance of microeconomics in study of managerial economics?
65.
How do trade barriers affect international trade?
66.
What are the capitalist countries in the world?
67.
What is an interest sensitive good?
68.
What is social cost benefit analysis?
69.
What happens to unsold newspapers?
70.
What countries are the members of the OECD?
71.
What is the difference between service industry and industry in economy?
72.
What is profitability analysis?
73.
What are the advantages of leaving resource allocation to price allocation?
74.
What is Universal Banking?
75.
Does capital inflow lower US interest rates?
76.
How does the current situation in the Middle East affect the US economy?
77.
What is meant by the term National Debt?
78.
What is the role of Indian government in Indian economy?
79.
What is full employment GDP?
80.
What is an opportunity cost?
81.
What is PPS?
82.
What is Collateral management?
83.
How would you differentiate between strike labor dispute and labor unrest?
84.
What is Ricardos Theory?
85.
What is pricing of Factors of Production?
86.
What is meaning of market economy?
87.
What is consumption?
88.
What is BOP?
89.
What are financial centers?
90.
What is the difference between an economic luxury and an economic necessity?
91.
What is the incidence of tax?
92.
Is it true that government revenues are increased because of lower tax rates?
93.
What is inflation and how is it measured?
94.
How is education an investment in human capital?
95.
Why does an indifference curve never meet?
96.
What is Price Level?
97.
What perfect competitive market and pure monopoly market have in common?
98.
What does it mean when a rupee appreciate?
99.
What is trickle down economics?
100.
What is the Service sectors percentage in Indian GDP?
101.
How do you define a control in economics?
102.
Which is a better measure of economic well-being real GDP or Nominal GDP?
103.
How do you calculate variable unit costs and total annual costs?
104.
What is a tariff?
105.
What is Ramsay pricing?
106.
What is consumer demand?
107.
Why marketers are interested in discretionary income?
108.
What is causing the rise in the price of oil?
109.
What is explanatory research?
110.
What is a retention bonus?