Question # 1

Secondary activities

Choose an answer

Services

Production

Raw materials

All of these

If tastes are identical between countries than comparative advantage is determined by

Choose an answer

Supply conditions only

Demand conditions only

Supply and demand conditions

Can't tell without more information.

When aggregate economic activity increasing the economy is said to be in.

Choose an answer

An expansion

A contraction

A peak

A turning point

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Choose an answer

Capture the entire subsidy in the form of higher profits

Increase their level of production

Reduce wages paid to domestic workers

Consider the subsidy as an increase in production cost

International dumping may involve.

Choose an answer

Selling goods to foreigners at a price below that charged domestic consumers

Selling goods to foreigners at a price below the cost of production

antidumping duties being levied on the imported dumped goods

All of the above

When the supply of money increases.

Choose an answer

The LM curve will shift in

The LM curve will shit out

The demand for money will decrease

The demand for money will increase

If B is a subset of A ,then A is a

Choose an answer

Super set of B

Sub set of B

Empty set of B

Universal set of B

To reduce the supply of money the government could.

Choose an answer

Reduce interest rates

Buy back government bonds

Sell government bonds

Encourage banks to lend

Aggregate demand without a foreign sector is the sum of.

Choose an answer

c+1

C+G

1+G

C+!+G

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

Gold -Collars workers fall in

Choose an answer

Primary activity

Tertiary production

Quinary activity

None of these

The market price of bonds can fluctuate depending on

Choose an answer

How many bonds were sold

Who bought the bonds

The amount of the coupon

The interest rate

Who among the following is a pantheist

Choose an answer

Warwick fox

Spinoza

Kant

None of these

Who defined research is an organized enquiry.

Choose an answer

Kerlinger

Emory

Mony

Redman

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Choose an answer

Lender of last resort

Financial intermediation

Open market operations

Financial regulation.

To adjust from gross National Product to Net National Product

Choose an answer

Deduct deprecation

Deduct indirect taxes

Deduct subsidies

Add inflation

The origin of Agriculture is from

Choose an answer

Australia

Central china

America

None of these

Headquarter of IMF is located in.

Choose an answer

Geneva

Washington DC

London

New york

For a competitive firm the demand curve

Choose an answer

A horizontal

Coincides with the marginal revenue curve

Coincides with the average revenue curve

All of the above

World Bank was established at the Briton wood conference in.

Choose an answer

1942

1944

1943

1940

The first census in Pakistan was held in

Choose an answer

1948

1951

1959

1961

Negative taxation refers to.

Choose an answer

Tax rebate

Subsidies

Tax evasion

Tax avoidance

the purpose of research is to discover answer to questions through application of.

Choose an answer

Scientific method

scientific research

Scientia procedure

Social science research

Who defined research is a systematic, controlled, empirical and critical investigation.

Choose an answer

Spencer

Weber

Kerlinger

Morry

The fundamental reason people must choose which goods to buy and consume is because of.

Choose an answer

Scarcity

Specialization

People engaging in exchange

The fact there are many different economic agents

Defined as a tentative or working proposition suggested as a solution to a problem.

Choose an answer

Research

Objective

Hypothesis

Concepts

In a command economy

Choose an answer

The price mechanism acts as an incentive

Resources are allocated by market forces

Individual firms make decisions for themselves about what to produce and how to produce it.

The public sector is large

A decline in planned investment spending unrelated to the interest rate focuses the equilibrium level of aggregate output to ________ and shifts the _ curve to the _______

Choose an answer

rise; Lm ; RIGHT

RISE ; is; right

fall ; IS; Left

rise ; LM; left

The equation for the LM curve is.

Choose an answer

Y = 100 -50 i

Y = 50 + 50 i

Y = 50 - 80 i

Y = 80 + 50 i

In the labor market if the government imposes a minimum wage that is below the equilibrium wage then.

Choose an answer

Workers who wish to work at the minimum wage will have a difficult time finding jobs.

Firms will hire fewer workers than without the minimum wage law.

Some workers may lose their jobs as a result

Nothing will happen to the wage rate or employment

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

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