Question # 1

Which of the following statements is true about hypothesis.

Choose an answer

It is an assumption about population value

There are different types of hypothesis

Hypothesis testing is a function of inferential statistics

All of the above

All of the following are obstacles to international economic policy coordination except.

Choose an answer

Different national objectives are institutions

Different national political climates

Different phases in the business cycle

Different national currencies.

In 1950's subsidies given to.

Choose an answer

Agriculture sector

Export sector

industrial sector

Services sector

The impossibility of negative gross investment provides a______ to fluctuations in.

Choose an answer

Celling, stock building

Celling, capital prices

floor , output

floor , the capital output ratio

When the population is badly affected, which type of sampling is appropriate.

Choose an answer

Systematic sampling

Stratified sampling

Cluster sampling

None of the above

Comparing a monopoly and a competitive firm the monopolist will.

Choose an answer

Produce less at a lower price

Produce more at a lower price

Produce less at a higher price

Produce less at a lower price

Some goods are not closely related to each other and are neither substitutes nor complements for such goods the cross price elasticity of demand would be.

Choose an answer

Positive

Negative

Zero

Cannot tell without more information

In monopoly the firm can

Choose an answer

Price

Output

Either price or output

Both a and b

Women and non whiles on average receive lower comes than white men because.

Choose an answer

They tend to work in relatively unskilled jobs

Educational disadvantage

Firms are reluctant to invest in training

All of the above

In the Keynesian cross diagram an increasing investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ______ and the equilibrium level of aggregate output to rise and the IS curve to shift to the

Choose an answer

up ; right

up ; left

down ;left

down ; right

As a result of the increase in government expenditures disposable income increases by.

Choose an answer

Rs.10 billion

Rs.9 billion

Rs.20 billion

Rs.5 billion

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Choose an answer

Demand

Supply

excess demand

Excess supply

A specific tax on sellers will

Choose an answer

shift the demand curve to the right

Shift the demand curve the left

Shift the supply curve to the right

Shift the supply curve to the left

When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firm in the market we have

Choose an answer

A cartel

The perfect competitive outcome

The Nash equilibrium

Monopolistic competiton

Nearly _______ of land is cultivated through tube wells, ponds and rain water.

Choose an answer

25%

45%

15%

35%

The key difference between classical and Keynesian macro economist is their differing beliefs about.

Choose an answer

The slope of the aggregate demand curve

The speed at which prices adjust

The natural rate of unemployment

The full employment level of output

If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.

Choose an answer

30%

10%

70%

40%

All of the following are benefits of the single market except.

Choose an answer

It allows countries to exploit their comparative advantage, more fully

Firms could more readily exploit economies of scale

It intensified competition

It is easier book holidays in member countries.

In order to practice price discrimination which of the following is needed.

Choose an answer

Some degree of monopoly power

An ability to separate the market

An ability to prevent reselling

All of the above

In a private sector model

Choose an answer

Household saving is a leakage from the circular flow

Investment is a spending injection

All of the above

None of the above

Which of the following macro economics variables is a cyclical.

Choose an answer

Real interest rates

Unemployment

Money supply

Consumption

When the period of Rabi crops starts and when it end.

Choose an answer

October - May

January - October

May- October

June - September

Free trade is based on the principle of

Choose an answer

Comparative advantage

Comparative scale

Economics of advantage

Production possibility advantage

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Choose an answer

increases ; raises

does not change ; lowers

decreases ; raises

decrease ; lowers

Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as

Choose an answer

an import tariff

A tariff rate quota

A selective quota

A global quota

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.

Who among the following is concerned with deep acology.

Choose an answer

Arne Naes

Warwick fox

Kant

None of these

If labour productivity per week is 200 units and there are 5 employees what is the total output.

Choose an answer

40 units

195 units

1000 units

200 units

Which of the following are functions of inferential statistics.

Choose an answer

Estimation

Testing of hypothesis

Both a and b

None of these

If firms paying employees monthly began paying them weakly then the demand for money would.

Choose an answer

Rise and income would rise

Rise and income would fall

Fall and income would rise

Fall and income would fall

According to the law of diminishing utility.

Choose an answer

Utility is at a maximum with the first unit

Increasing units of consumption increase the marginal utility

Marginal product will fall as more units are consumed

Total utility will rise at a falling rate as more units are consumed

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