Question # 1

Objectivity, generality, systematic and quality are the characteristics of.

Choose an answer

Case study

Projective technique

Narrative method

Content analysis

If the price elasticity of demand for a non giffen good is inelastic are decreased in its price result in.

Choose an answer

Increase in demand

Decrease in demand

Increase in total revenue

Decrease in total revenue

Under system fixed exchange rates which of the following policies promotes internal balance for a nation.

Choose an answer

Fiscal policy

Monetary policy

Both fiscal policy and monetary policy

Neither fiscal policy nor monetary policy

A Market situation where the number of buyers is very large and the number of sellers are very small is called.

Choose an answer

Perfect competition

Duopoly

Oligopoly

In perfect competition

The aggregate demand curve shows the combinations of output and the price level that put the economy on.

Choose an answer

The FE line and the IS curve

The FE line The IS curve and the LM curve

The IS curve

The IS curve and the LM curve

The marginal propensity to consume in a less Developed Country is likely to be.

Choose an answer

_{Less than 0}

Nearly 0

High

Low

Who said that research studies have differing degree of purity and applicability.

Choose an answer

Faraday

Julious Smon

Morry

Bogardus

A tariff can ___________ raise a country's welfare

Choose an answer

Never

Sometimes

always

None of the above

Compared to the case of perfect competition, a monopolist is more likely to

Choose an answer

Charge a higher price

Produce a lower quantity of the product

Make a greater amount of economic profit

All of the above

Matrix multiplication does not satisfy

Choose an answer

Associative law

Distributive law

Commutative law

None of the above

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Choose an answer

Money supply targets

Income policy

Interest rates

Inflation targets

Which of the following explains why demand curves slope downward.

Choose an answer

Prices and income

substitutes and complements

Resources and technology

Substitution effect and income effect

If an increase in the price of gasoline increases the demand for gas hybrid cars, then

Choose an answer

Hybrid cars are an inferior good

Gasoline and hybrid cars are complements in consumption

Gasoline is an inferior good

Gasoline and hybrid cars are substitutes in consumption

If the Bank of Pakistan wished to pursue a tight monetary policy is would.

Choose an answer

Sell government securities on the open market.

Reduce the minimum reserve asset ratio

Buy government securities on the open market.

Lower interest rates

Price discrimination is possible

Choose an answer

Oligopoly

Duopoly

Perfect competition

Monopoly

The average variable cost curve.

Choose an answer

Is derived from the average fixed costs

Converges with the average cost as output increases

Equals revenue minum profits

Equal the total costs divided by the output

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Choose an answer

Substitutes, interior

Normal, complements

Substitutes, complements

Normal , interior

In monopolistic competition if firms are making abnormal profit other firms will enter and

Choose an answer

The marginal cost will shift outwards

the demand curve will shift inwards

The average cost will shift downwards

The average variable cost will increase

According to the .A.H Hasen the capitalistic economy is basically characterized with

Choose an answer

Instability

Stability

Inefficiency

Efficiency

When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.

Choose an answer

depreciates, appreciates

revalues, devalues

appreciates, deprecates

becomes more expensive, becomes cheaper

Reasoning from general to particular is called.

Choose an answer

Induction

deduction

Observation

Experence

Law of variable proportion is also called.

Choose an answer

Law of non proportion returns

Law of substitution

Law of casts

Law of demand

Yin has defined case study is investigating the contemporary phenomena of.

Choose an answer

Natural

Real life

Inexplicable

Explainable

An exceptional demand curve is.

Choose an answer

Vertical

Horizontal

Downward sloping

Positive slope

Unlimited supply of labor means in developing countries that part of man power which even if is withdrawn from the process of production there will be no fallen output is the theory of.

Choose an answer

Fei Rani

M.PP. Todaro

Lewis

Leibstein

A product will be traded only if the pre trade price difference between the two countries

Choose an answer

Is less than the cost of transporting it between them

is greater than the cost of transporting it between them

Equals the cost of transporting it between them

More information is needed to answer this question

In 1980 the government of Pakistan promulgated.

Choose an answer

the Modaraba Ordinance

the Musharaika Ordinance.

the Zakar ordinance

the Ushar ordinence

in UDCs a potential resource of saving is

Choose an answer

Structural unemployment

Over employment

Domestic saving

Disguised unemployment

There is positive relationship between multiplier and.

Choose an answer

Marginal propensity to consume

Marginal propensity to save

Marginal efficiency of capital

all of these

The "balance trade" is a record of.

Choose an answer

Exports and imports of financial assets

The current account plus capital account

The export of goods and services.

the value of merchandise exports minus imports

The reduction of the inflation rate is called

Choose an answer

Deflation

Disinflation

Inflation

Reflation

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