Question # 1

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

Choose an answer

25%

45%

15%

35%

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

According to Keynesian macro economics price adjust _____ to shocks, so the government should.

Choose an answer

Slowly ; do little

Rapidly ; do little

Rapidly ; fight recessions

Slowly ; fight recessions

The mathematical theory of probability has helped to form the.

Choose an answer

Statistical theory

Law of inertia of large numbers

Law of statistical Relativity

Law of statistical Regularity

Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.

Choose an answer

Restrictions on bank loans

Increased taxes

Contractionary fiscal policy

Expansionary fiscal policy

Identification with nature is the grounding

Choose an answer

Bio centrism

_{Deep ecology}

Anthropocentrism

Holism

If the production function is Q = 8 KL the marginal rate of technical substitution of labor for capital is.

Choose an answer

8

K/L

L/K

B/KL

If an individual has a money income M of Rs. 999 , the price of X is rs.7.00 per unit and ithe price of Y is Rs. 300 per unit find the equation for the budget lines.

Choose an answer

Y = 333 - (7/3) x

Y = 142 - (7/3) x

Y = 142- (3/7) x

Y = 323 - (7/3) x

Super Natural power, divinity, and gifts of nature are integral to the explanations of economic events developed by.

Choose an answer

Physiocrais

German historicists

Modern monetarists

Mercantilists

The major source of revenue for the government is.

Choose an answer

the collection of property taxes

The collection of the corporates income tax

The collection of excise taxes on gasoline cigarettes and tires

The collection of import and export duties in the conduct of foreign trade

In the short run firm in perfect competition will still produce provided.

Choose an answer

The price covers average variable cost

The price covers variable cost

The price covers average fixed cost

The price covers fixed cost

When the value of the Rupee rises Pakistan goods become _____ expensive relative to foreign goods which ___ exports.

Choose an answer

more ; iincreases

less ; increases

more ; decreases

more ; increases

One of the following is not a necessary characteristics of UDCs

Choose an answer

Low saving ratio

Low capital formation

Disguised unemployment

Insufficient human resources.

During the 1980 empirical evidence indicates that.

Choose an answer

Poverty re emerged in Pakistan

Good growth brought down poverty in Pakistan

Poverty situation showed no change

None of the above

What did economist Adam Smith identity as the "invisible hand" that directs the decision making of firms and households in a market economy.

Choose an answer

Government

Product demand

Self interest

International trade

As income increases.

Choose an answer

the average propensity to consume gets nearer in value to the marginal propensity to consume

the average propensity to consume diverges in value from the marginal propensity to consume

the average propensity to consume falls

The averge propensity to consume always approaches 0

Productivity can grow.

Choose an answer

If capital per hour of labor increases.

If there are no technological advances.

If capital per hour of labor decreases

If real GDP per hour labor decrease and capital per hour of labor increases.

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Choose an answer

rise ; rise

fall ; rise

rise ; fall

fall ; fall

The classical are of the view that utility can be.

Choose an answer

Ranked

Counted

Expressed in numbers

Not counted

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

Increases in government spending increase interest rates and aggregate output in the ISLM framework this is a ____ shift of the _____ curve.

Choose an answer

Left ward ; LM

Right ; LM

Left ward ; IS

Left ward ; AD

Land will be allocated between competing uses so that.

Choose an answer

Housing gets priority

Industry gets priority

Faming gets priority

The equilibrium rental rate equilibrium total demand with supply

Marginalize and the idea that pricing reflects marginal utility and demand was a movement way from

Choose an answer

the quantity theory of money

The labor theory of value

Mercantilism

None of these

The most widely traded currency in the foreign exchange market is the.

Choose an answer

Euro

Chinses yuan

British pound

U.S. Dollar

John Stuart Mill was the founder of the

Choose an answer

Theory of reciprocal demand

Theory of absolute advantage

Theory of comparative advantage

Theory of mercantilism

An increase in the marginal propensity to import.

Choose an answer

Has the some effect upon the multipliers as an increase in the MPC

Has no effect upon the multipliers

Increases the value of the multipliers

Decreases the value of the multipllers

Economics growth can be seen by an outward shift of.

Choose an answer

The production possibility frontier

The gross domestic barrier

The marginal consumption frontier

The Minimum Efficient scale

An economy is in inflationary equilibrium A sustained increase in government appending shifts.

Choose an answer

DAD rightward for one period

DAD and DAS right ward permanently

DAD right ward and a new equilibrium

DAD right ward and a new equilibrium.

Money is

Choose an answer

An indicator of the scarcity of wants

Anything that sellers accept i exchange for goods and services.

A form of barter

Anything that the government classifies as a trade commodity.

A determinant compose of all the second order partial derivatives, with the second order direct partials on the principal diagonal and the second order cross partials off the principal diagonal and which is used to second order condition of optimization is called.

Choose an answer

Jacobian determinant

Hessian determinant

Discriminant

None of these

Appreciation of the U.S. dollar results in.

Choose an answer

U.S. tourists traveling abroad being worse off

U.S. imports increasing.

Foreign currency buying more U.S. goods and services.

No change iin foreign pucchases or sales.

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