PPSC Economics Topic 2 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 2 Micro Economics

Try The MCQ's Test For PPSC Economics Topic 2 Micro Economics

  • Total Questions20

  • Time Allowed20

PPSC Economics Topic 2 Micro Economics

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Question # 1

A monopolist will maximize profit.

Question # 2

Average fixed cost

Question # 3

When a tax is levied on a good.

Question # 4

The supply curve of a perfectly competitive firm

Question # 5

The demand for labor will be more elastic if

Question # 6

If A, B, C and D are any four market baskets, and if the consumer has ranked them so that D is preferred to C, A is hot preferred to B, and B is not preferred to c then.

Question # 7

Indifference curve approach is also called.

Question # 8

Finance minister tax a commodity

Question # 9

Which of the following is a characteristics of monopolistic competition.

Question # 10

If Supply and demand both decrease simultaneously. Which of the following will happen.

Question # 11

The Lorenz curve shows that

Question # 12

The method most commonly used to test the overall significance of a regression is.

Question # 13

When economists say that a per son is economizing they mean that the person is.

Question # 14

Which of the following is an automatic stabilizer.

Question # 15

Price discrimination occurs when

Question # 16

If a firm which polluted the water of area had to pay all social cost would have

Question # 17

The supply curve of a monopolist is always.

Question # 18

A demand curve shows that relation between price and demand.

Question # 19

Holding all other things constant a higher price for ski lift tickets would.

Question # 20

The firms average variable cost of the 150th unit is.

Prepare Complete Set Wise PPSC Economics Topic 2 Micro Economics MCQs Online With Answers


Topic Test

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Top Scorers Of PPSC Economics Topic 2 Micro Economics MCQ`s Test

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PPSC Economics Chapter 2 Important MCQ's

Sr.# Question Answer
1 When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firm in the market we have
A. A cartel
B. The perfect competitive outcome
C. The Nash equilibrium
D. Monopolistic competiton
2 When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firms in the market we have.
A. A cartel
B. The perfect competitive outcome
C. The Nash equilibrium
D. Monopolistic competition
3 Which of the following explains why demand curves slope downward.
A. Prices and income
B. substitutes and complements
C. Resources and technology
D. Substitution effect and income effect
4 If X , Y, and Z are willing to work for Rs. 4, Rs, 5, and Rs.6 respectively but N pays them Rs. 7 each, producers surplus is.
A. Rs. 4
B. Rs.7
C. Rs.5
D. Rs.6
5 When the price of a pizza decreased from 1200 Rupees to 1000 Rupees, it is definitely the case that the.
A. Income effect means people buy less pizza
B. Substitution effect means people buy more pizza
C. Quantity demanded of pizza will not change
D. None of the above
6 "Treating an individual as typical of a group" in the definition of.
A. Pure discrimination human capital
B. Statistical discrimination
C. Human capital
D. Specific skills
7 The tax is question 52 is
A. Progressive's
B. Regressive
C. Proportional
D. None of these
8 The demand for labor is the same as the
A. Marginal revenue product
B. Marginal physical product
C. Marginal cost
D. Wage
9 Finance minister tax a commodity
A. having elastic demand
B. ignore elasticity
C. Having unti elastic demand
D. Having unit elastic demand
10 The largest source of tax revenue for the federal government is
A. The prerenal income tax
B. The social security tax
C. the property tax
D. The sales tax

Test Questions

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