Question # 1

Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.

Choose an answer

Destabilizing

Stabilizing

Inflationary

Deflationary

The exogenous variable in the income equation C +!+G = y is

Choose an answer

C

I

G

None of these

A market is in equilibrium when

Choose an answer

Ac = P

MC = MR

AC =AR

TC =TR

The% change in quantity demanded due to % change in incomes.

Choose an answer

Price elasticity

Prices cross elasticity

Income elasticity

All of these

A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.

Choose an answer

Factor prices

Technology

Both a and b

The price of the commodity

Export led growth strategies tend to emphasize.

Choose an answer

Resource allocation based on the principle of absolute advantage.

Resource allocation based on the principle of comparative advantage.

Trade protection for exporting competing firms

Trade protection for import competing firms

Suppose that the supply curve of lin is highly inelastic if the demand curve of lin decreases and increases cyclically along the supply curve of lin then in this market the size of the quantity fluctuations will be _____ the size of the price fluctuations.

Choose an answer

Relatively greater than

Relatively less than

the same as

Any of the above

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Choose an answer

Demand curve shifts to the left

Supply curve shifts to the left

Supply curve shifts to the right

Demand and supply curves both shift to the right

The theory of ___________ suggests that government can assist domestic competitors.

Choose an answer

International dumping

Countervailing duties

Strategic trade policy

Export promotion policy

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Choose an answer

Research and development subsidies

Loan guarantees

Low interest rate loans

All of the above

Direct investment and security purchase are classified as.

Choose an answer

Capital account transactions

Current account transactions

Unilateral transfer transactions

Merchandise trade transactions

Which of the following is a component of M1.

Choose an answer

Saving deposit

Credit card

Checkable deposit

Gold

Indifference curves shows various combinations of.

Choose an answer

One commodity

Two

Three

All of these

Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.

Choose an answer

Multilateral contracts

Production and export controls

Buffer stock arrangements

Tariff rate quotes

In the classical model of Ricardo the direction of trade is delemined by.

Choose an answer

Absolute advantage

Comparative advantage

Physical advantage

Which way the wind blows

Comparative advantage is determined by

Choose an answer

Actual difference in labor productivity between countries.

Relative difference in labor productivity between countries.

both a and b

Neither a and b

National Income account of Pakistan have registered GDP & GNP as.

Choose an answer

GDP = GNP

GDP < GNP

GDP > GNP

GDP / GNP

The type of business in which an individual has unlimited responsibility for the debts of the organization.

Choose an answer

Partnership

Corporation

Monopoly

None of these

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Choose an answer

Positive

Negative

Infinite

None of these

The overall Budget Deficit is financed from

Choose an answer

External borrowing

Non bank borrowing domestically

Bank borrowing plus the above two at a and b

None of the above

All economic model ae based on

Choose an answer

Realistic assumptions

Assumptions which can never be perfectly realistic

Unrealistic assumptions

None of the above

More Classes

Other Links

PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer