Question # 1

A square matrix with 1's in its principal diagonal and zeros every where else is.

Choose an answer

Diagonal matrix

Identity matrix

Leading diagonal

Scalar matrix

Who says theory as a integrated body of definitions, assomptions

Choose an answer

Amold Rose

P. Young

Kerlinger

Karl Peansion

Primary activities

Choose an answer

Forestry and fishing

Steel and chemical industry

Teachers , doctors

None of these

An increase in autonomous consumer expenditure causes the equilibrium levelof 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

When stock market is falling it is calle.

Choose an answer

Bearish

Bulish

Imperfect competition

Fall down

Quota sampling is the combination of.

Choose an answer

Purposive and deliberate sampling

Purpose and systematic sampling

stratified and systematic sampling

Purposive and stratified sampling

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

Small nations whose trade and financial relationships are mainly with a single partner tend to utilize.

Choose an answer

Pegged exchange rates

Freely floating exchanged rates

Managed floating exchange rates

Crewing exchange rates.

The investment demand curve shows the relationship between the levels of.

Choose an answer

Investment and consumption

Consumption and Interest rate

Investment and interest rate

None

A production technique is technically efficient if.

Choose an answer

Output is maximized

Input are minimized

there is no way to make a given output using less of one input and no more of the other inputs.

costs are minimized

Union of A and a null set is equal is.

Choose an answer

Intersection of A and null set

Null set

Both a and b

A

When an increase in government spending is matched by an equal decrease in government transfers the income level will.

Choose an answer

Stay the same

Increase

Decrease

None of these

The Hecksher Ohlin theory explains comparative advantage as the result of difference in countries.

Choose an answer

Relative abundance of various resources.

Relative costs of labor

Economies of large scale production.

Research and development expenditures.

Net taxes are.

Choose an answer

Government expenditures minus government revenues.

Taxes paid by firms and households to the government minus the transfer payments made to firms and household.

Taxes paid by firms and household to the government plus transfer payments made to firms and hose holds.

Taxes paid by firms and hose hold to the government minus the cost of collecting the taxes.

The earliest statement of the principle of comparative advantage in associated with

Choose an answer

Adam Smith

David Ricardo

E . Heckscher

Bertil Ohlin

According to classical models, the level of employment is determined primarily by

Choose an answer

The level of aggregate demand for goods and services

Prices and wages

Government taxation

Government spending

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

Choose an answer

Symmetric

Skew symmetric matrix

Idempotent matrix

Orthogonal matrix

Conspicuous consumption on unproductive assets and luxurious goods is considered against the concept of.

Choose an answer

Islamic consumption

Taqva is Islam

Spending in Islam

Islamic production

The income elasticity of inferior goods is

Choose an answer

Zero

Positive

Negative

Unitary

What does Social Researchers seek out of vast and confusing variety of individual characters.

Choose an answer

Generalizations

Decisions

Single events

group characteristics

A monopolist who is charging high price operates on.

Choose an answer

inelastic part of demand curve

Elastic demand of part curve

Ignore elasticity

More elastic demand of part curve

Which of the following events will lead to a decrease in the demand for money.

Choose an answer

An increase in the level of aggregate output.

A decrease in the supply of money

A decrease in the interest rate

a decrease in the price level

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Choose an answer

capital widening, technical innovation

Capital widening, catch up in technology

Capital deepening, technical innovation

Capital deepening, catch up technology.

When internal economics of scale occur

Choose an answer

Total costs fall

Marginal costs increase

Average costs fall

Revenue falls

The long term demand for real money balance will rise when

Choose an answer

the income elasticity of the demand for money is less than unity.

There is a long term increase in the price level

There is a relative increase in the stock of government securities.

Long term market interest rates are falling.

Suppose velocity is constant and the real income elasticity of the demand for money is less than one then estimating inflation as money growth rate minus real growth rate.

Choose an answer

Overestimates inflation

Underestimates inflation

Is an erratic estimate of inflation

Remain an accurate estimate of inflation.

A nation experience external balance if it achieves.

Choose an answer

No net changes in its international gold stocks

Productivity levels equal to those of its trading partners

An increases in its money supply equal to increases overseas

Equilibrium in its balance of payments

It enables the researcher to acquaint himself with current knowledge in the field in which he is going to conduct his research.

Choose an answer

Social survey

Research proposal

Review of literature

Research design

The near term effect of an unexpected sale of bonds by the central bank is.

Choose an answer

An increase in interest rates, a risen investment and a rise in GDP

An increase in interest rates a drop in investment and a drop in GDP

A decrease in interest rtes a rise in investment and a rise in GDP

A decrease in interesr rates a drop in investment and a drop in GDP

Usury is prohibited in

Choose an answer

Islam only

Sikhism only

Jewism

Both a and b

If two firms doing the same thing in the same industry join together this is known as a.

Choose an answer

vertical merger

Horizontal merger

Conglomerate merger

Hostile takeover

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