Question # 1

In the mid 1960's agricultural scientists developed high yielding varieties of.

Choose an answer

Rice and Wheat

Rice and Cotton

Coffee, rubber

None of these

The IS curve shows the combinations of output and the real interest rate for which.

Choose an answer

The goods market is in equilibrium

The labor market is in equilibrium.

The financial assets market is in equilibrium

An increase in output will cause the market clearing interest rate to be bid up.

A widely used indicator to differentiate developed countries from developing countries.

Choose an answer

International trade per capita

Real income per capita

Unemployment per capita

Calories per capita

A temporary decline in productivity would cause the IS curve to.

Choose an answer

Shift up and to the right

Shift down and to the left

Remain unchanged

Shift up and to right only if people face borrowing constraints

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Choose an answer

An import subsidy

A quota

Comparative advantage

An export subsidy

The opportunity cost of acquiring education is.

Choose an answer

Course fees

Course fees and living expenses

The earning foregone

Course fees, living expenses and textbooks

The ____ lag for fiscal policy is generally _____ than it is for monetary policy.

Choose an answer

Recognition ; shorter

Recognition ; longer

Implementation ; shorter

Implementation ; longer

An entrepreneur who collects profits in the short run for a new invention is collecting.

Choose an answer

The competitive rate of return on capital

Temporary monopoly profit

Rent

A Ramsey surplus

The demand for labor is the same as the

Choose an answer

Marginal revenue product

Marginal physical product

Marginal cost

Wage

If the price of automobile were to decrease substantially the demand curve for automobiles would most likely.

Choose an answer

shift rightward

Shift left eard

Remain unchanged

Become steeper

What lies is at the heart of the allocation of goods and services in a free market economy.

Choose an answer

Concerns of equity or equal distribution among individuals.

The order or command of the ruling government or dictator

The wishes of consumers in the market

The price mechanism

A shift in tastes toward Pakistan goods ________ net exports and causes the IS curve to shift to the.

Choose an answer

decreases ; right

decreases ; fall

increases ; rise

increases ; fall

The arc elasticity formula is used to estimate elasticity when

Choose an answer

The product is thought to be inelastic

The product is thought to be elastic

The demand function is known

There are two observations of price and quantity

Capitalism refers to

Choose an answer

the use of markets

Government ownership fo capital goods

Private ownership of capital goods

Private ownership of homes and cars

management of the economy via extensive regulation and laws specified by the national government is most consistent with

Choose an answer

syndication

Mercantilism

Classical liberalism

None of these

In the UK under a _________ of the labour force belong to a trade union.

Choose an answer

Quarter

Third

Half

Three quarters

Demand pull inflation may be caused by

Choose an answer

An increase in costs

A reduction in interest rate

A reduction in government spending

An outward shift in aggregate supply

Poor developing countries typically impose ______ tariffs than rich advanced nations on imports.

Choose an answer

Lower

Higher

About the same height

None of the above

Drawing conclusion from the data collected is called.

Choose an answer

Analysis

Organization

Tabulation

Interpretation

Economic development in UDCs is not possible without.

Choose an answer

Foreign aid

Capital formation

Natural resources

Domestic saving

Company X sells Rs.75 million dollars of 9.5% first mortgage bonds at par The company's marginal tax rate to 30% The after tax cost of debt is.

Choose an answer

2.85%

3.175

6.68%

7.55

What happens to the money supply if the deficit is financed by selling bonds to the general public.

Choose an answer

The money supply increaes

The money supply decreases

The money supply is unaffected

We cannot tell what will happen to the money supply

Usury is prohibited in

Choose an answer

Islam only

Sikhism only

Jewism

Both a and b

How much will a speculator invest now if he expects to earn Rs. 144 two years from now assuming the nominal rate of interest is 20%

Choose an answer

Rs.1654.29

Rs.100.00

Rs.94.00

Rs.68.00

Reasoning from general to particular is called.

Choose an answer

Induction

deduction

Observation

Experence

Which of the following is an economic activity.

Choose an answer

Teaching of a teacher in the school.

To teach son at home

To serve her child by mother

to play foot ball by a student

Revealed preference theory was presented by.

Choose an answer

Samuelson

Hicks

Marshall

rICARDO

Credit constitutes.

Choose an answer

Saving made available to borrowers

A form of liquid asset

bank loans converted into commodity money

Money used as a standard of deferred payment.

A feasible effect of international trade is that a

Choose an answer

Monopoly in the home market become an oligopoly in the world market

Oligopoly in the home market becomes a monopoly in the world market

Purely competitive firm in the home market becomes an oligopolistic

Purely competitive firm in the home market becomes a monopolist

Who among the following is a pantheist

Choose an answer

Warwick fox

Spinoza

Kant

None of these

Short run average total costs are equal to the sum of _______ and______

Choose an answer

Short run opportunity costs, profit

Short run average variable costs, profit

short run average variable costs, profit.

Short run average variable costs short run average fixed costs

More Classes

Other Links

PPSC Economics Full Book MCQ Test 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

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