Question # 1

Micro economics studies such topics as

Choose an answer

The factors that determine inflation

The forces that influence the price of shoes

The determinants of total output

Whether the unemployment rate will rise or fall

In order of 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

A decrease in fully autonomous investment other things equal shifts the ______ curve to the

Choose an answer

IS ; right

IS ; Left

LM ; Left

LM ; right

Which of the following is a characteristic of monopolistic competition.

Choose an answer

One seller serving the entire market

When each firm sells an identical product

When firms do not compete on a product quality price and marketing

When firms are free is enter and exit the market

A stable equilibrium requires that the marginal propensity to consume is.

Choose an answer

Less than zero

Zero

One

None of these

Qualitative research focuses primarily on the meaning of.

Choose an answer

Subjective attributes of individuals groups

Objective attributes of individuals or groups

Facts of Indi duals or groups

Descriptive attributes of individuals or groups

State monopoly was greatly imposed in the period of.

Choose an answer

Nawaz Sharif

Z.A.Bhutto

Zia ul Haq

None of these

Perfect competition implies

Choose an answer

Homogeneous goods

Inferior goods

Superiors goods

Differential goods

Sample implies

Choose an answer

Survey representation of larger whole

Smaller representation of larger whole

Population representation of a larger whole

Census representation of a larger whole

There are __________ basic economic activities.

Choose an answer

2

3

4

5

Which of the following is the second law of gossen.

Choose an answer

Law of equal marginal utility.

Law of equi product

Theory of indifference curve

Law of diminishing marginal utility.

International trade forces domestic firms to become more competitive in terms of.

Choose an answer

The introduction of new products

Product design and quantity

Product price

All of the above

Real GNP measures income

Choose an answer

Including non market activities

Adjusted for inflation

Including externalities

Including tax evasion

If the central Bank wished to Tighten money is would.

Choose an answer

Lower the discount rate

Sell government securities

Lower the legal reserve ratio

Lower the tax rate

In pure monopoly there is.

Choose an answer

A lot of firms

Two firms

A single firm

Many firms

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

To determine the total demand for all consumers sum the quantity each consumer demands.

Choose an answer

At a given price

At all prices and then sum this amount across all consumers

Both a and b will generate the same total demand

None of the above

Ordered Pairs of two sets are called.

Choose an answer

Elements

Function

Cartesian product

None of the above

A profit maximizing firm will employ labour up to the point where.

Choose an answer

Marginal revenue = Marginal product

Margial cost = Marginal product

Marginal revenue product = Average cost of labour

Marginal revenue product = Marginal cost of labour

To maximize sales revenue a firm should produce where

Choose an answer

Marginal cost is zero

Marginal revenue is maximized

Marginal revenue is zero

Marginal revenue equals marginal cost

Labour productivity measures.

Choose an answer

The output per worker

The output per machine

Total output

Marginal output

The government performs its redistribution function mainly through.

Choose an answer

Trade practice legislation against anticipative behavior

The provision of public goods

Taxes and transfer payments

Tariffs on imports

Most commonly referred indicator of inflation is

Choose an answer

Wholesale price index

Retail price index

Consumer price index

Sensitivity price index

If a maximum price is set below equilibrium there will be.

Choose an answer

A price fall

A price increase

Excess supply

Excess demand

Import substitution is an example of.

Choose an answer

The principle of comparative advantage

The principle of absolute advantage

An outward looking growth strategy

An inward looking growth strategy

What is the refers to any collection of specified group of human beings

Choose an answer

Sampling

Random sampling

Non probability sampling

Population

The most important determinant of price elasticity is.

Choose an answer

The slope of the demand curve

The availability of substitutes

The price of other goods

The income of the consumer

When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.

Choose an answer

Expanding the U.S. money supply

Increasing government spending

Increasing taxes

Lowering interest rates in the united states.

If A and B are symmetric matrix, then AB- BA is.

Choose an answer

Symmetric

Skew symmetric matrix

Idempotent matrix

Orthogonal matrix

The resources in the economy do not include.

Choose an answer

Demand

Land

Labor

Capital

Small size of market is the primary cause of under development according to.

Choose an answer

Balance growth theory

Unbalance growth theory.

Big push theory

Dualistic theories

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