Question # 1

In perfect competition there is.

Choose an answer

Many buyers

Many sellers

Homogeneous product

All of these

An important feature of a___ is that the holder has the right , but not the obligation, to buy or sell currency

Choose an answer

Swap

Foreign exchange arbitrage

Foreign exchange option

Futures market contract

A decrease in autonomous consumer expenditure causes the equilibrium level of aggregate output to __________ at any given interest rate and shifts the _______ curve to the __________

Choose an answer

rise ; LM ;right

rise ; IS ; right

Fall ; LM ; left

rise ;IS; Left

Arne Naes founded the school of.

Choose an answer

Eco ethics

Deep ecology

Eco philosophy

Environmental ethics

in the Keynesian cross diagram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand function to shift _____the equilibrium level of aggregate output to fall and the IS curve to shift to the.

Choose an answer

up ; left

up ; right

down ; left

down ; right

Which of the following measures is the best measure of money as a medium of exchange.

Choose an answer

M1

M2

M3

None of the above

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Choose an answer

Selling, increase

buying , increase

selling, reduce

both b and c

Total utility of a commodity is measured by which price of that commodity.

Choose an answer

Value in use.

Value in exchange

Both of above

None of above

The balance of trade can only worsen if income________ relative to absorption

Choose an answer

Increases

Decreases

Adjustment mechanism

Currency contract period

Quotas are government imposed limits on the ___ of goods trade between countries.

Choose an answer

Prices

Quantity

Revenue

Costs

If the demand for coffee decreases as income decreases, coffee is a

Choose an answer

Normal good

Inferior good

Substitute good

Complementary good

Economic growth may depend upon __________ and_________

Choose an answer

Population size , x -efficiency

Population age distribution, education

Population growth, education

Population growth, technical progress

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

Julius smon ha pointed out the applied social sciences in.

Choose an answer

Policy assessment

Policy implementation

Policy formulation

Policy decision

Which one of the following is the largest sector of Pakistan Economy.

Choose an answer

Agriculture

Banking

Industry

Manufacturing

According to the balances growth theory

Choose an answer

UDCs can be developed by foreign aid

UDCs can be developed by national saving

UDCs have to start from beginning

DCS are responsible for the development of UDCs

A decrease in wealth 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 the right only in poeple face borrowing constraints.

A scarce good.

Choose an answer

Does not exist

Is a good that can only be purchased with money

Is a good that can never be purchased with money

Is a good that is available in limited quantities, but is desired in greater quantities.

(A+B) + C =a +(B+C) This law of matrices is known as.

Choose an answer

Cumulative law

Associative law

Distributive law

Identity law

i- statistical laws are not exact

ii- statistics reveals the entire story

choose the correct from the following.

Choose an answer

Both the statements are correct

Only the first statement is correct

Only the second statement is correct

Both the statements are wrong.

According to Lincoln, I. Chao what is the primary objective of modern statics.

Choose an answer

Presentation of data

Collection of quantitative data

Assisting in making decisions

Summarization of data

Economic development can be achieve through stages, is the theory of.

Choose an answer

Rosenstein Rodan

Leibstein

W.W. Rostow

M.P. Todaro

Which of the following groups is most hurt by unexpected inflation.

Choose an answer

Workers with cost of living adjustments in their labor contracts

Home owners

People with large debts to pay for their homes and cars

People with large retirement savings held in savings accounts.

Economists use the term marginal utility to mean.

Choose an answer

Additional satisfaction gained divided by additional cost of the last unit.

Additional satisfaction gained by the consumption of one more unit of a good

Total satisfaction gained when consuming a given number of units.

The process of comparing marginal units of all goods which could be purchased

When unintended investment is positive

Choose an answer

Output tends to rise

Output tends to fall

Output is in equilibrium

None of these

A rise in the price of bond causes the yield of the bond to.

Choose an answer

Rise

Fall

Remain unchanged

Rise uf ut's a short term bond, fall if it's a long term bond

Research is directed towards the solution of a

Choose an answer

Problem

Hypothesis

data

Survey

Most industrial construes generally considered _______ as the most important economic goal

Choose an answer

External balance

Internal balance

Maximum efficiency for business

Maximum efficiency for labor

The use of micro economics policies to smooth or moderate the business cycle is known as.

Choose an answer

Aggregate demand management.

Aggregate supply management

Automatic stabilization

Discretionary policy

When the marginal propensity to consume is 0.75 the multiplier has a value of.

Choose an answer

4

5

3

2

Firms are assumed to ____ costs and to _______ profit.

Choose an answer

Incur , desire

Pay ; make

Change ;earn

Minimize ; maximize

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