Question # 1

Injection into the circular flow are _________ and _______

Choose an answer

Consumption, investment, exports

Investment exports, transfer payments

Investment government expenditure, exports.

Taxes, exports, transfer payments.

Comparing a monopoly and a competitive firm the monopolist will.

Choose an answer

Produce less at a lower price

Produce more at a lower price

Produce less at a higher price

Produce less at a lower price

In the ISLM framework an expansionary monetary policy causes aggregate output to _____________ and the interest rate to

Choose an answer

increase ; increase

Increase ; decrease

decrease ; decrease

decrease ; increase

Which of the following causes M1 demand is decrease.

Choose an answer

A fall in the tax rate

An increase in income

A fall in the interest rate

An increase in the use of credit cards

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Choose an answer

Research and development subsidies

Loan guarantees

Low interest rate loans

All of the above

Skills that embodied in a person are called

Choose an answer

Human capital

Emboded skills

Physical capital

Expeneces skills.

A variable whose value is determined witching an economic theory or model is.

Choose an answer

Exogenous

Independent

Deterministic

Endogenous

The classical are of the view that utility can be.

Choose an answer

Ranked

Counted

Expressed in numbers

Not counted

Following the work of _____________ in the 1960s, and the controversy associated with these views in the 1970s, there was a revival of interest by economists and government in monetary policy.

Choose an answer

Milton Friedman

Ronald Reagan

Margaret Thatcher

John Maynard Keynes

Multinational corporations

Choose an answer

Always produce primary goods

Always produce manufactured goods

Products primary goods or manufactured goods

None of the above

For any square matrix a of order 'n'a (Ad)A) is equal to.

Choose an answer

(Ad) A) A

Determinant A

Rank of A

Both a and b

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

A firm A's break even quantity is.

Choose an answer

10 units

40 units

50 units

30 units

A tax increase __________ disposable income ____ consumption expenditure and shifts the IS curve to the.

Choose an answer

Increase; increases ; right

Increase ; decreases ; left

decreases ; increases ; left

decreases ; decreases ; left

Indifference curve is alwyas.

Choose an answer

Vertical

Horizontal

Concave

Convex

in UDCs a potential resource of saving is

Choose an answer

Structural unemployment

Over employment

Domestic saving

Disguised unemployment

Keynesian economists think general equilibrium is not attained quickly because.

Choose an answer

The real interest rate adjusts slowly

The level of output adjusts slowly

The real wage rate adjusts slowly

The price level adjusts quickly

Anthropocentrism gives intrinsic value to

Choose an answer

Nature

Human beings

Both a and b

None of these

Capital goods are

Choose an answer

A type of intermediate good

Final goods, because they are not used up during a given year

Produced in the same year as the related final good whereas intermediate goods are produced in different years.

Produced in one year whereas final goods are produced over a period of more than one year

The _____ analyzes the income distribution effects of trade in the short run when resources are immobile among industries.

Choose an answer

Stolpher Samuelson theory

Factor endowment theory.

Specific factor theory

Over lapping demand theory

When economists say that a per son is economizing they mean that the person is.

Choose an answer

making choices to gain benefits at lowest possible cost

Making a lot of money

Purchasing goods that are generic cheap or of low quality

Learning how to run a business more effecitively

Skills that can be transferred to other employers are called

Choose an answer

General skills

Specific skills

Non pecuniary skills

None of these

The current account includes

Choose an answer

The value of trade in merchandise

Services

Unilateral transfers

All of the above

Tax collection estimate for year 2012-13 is Rs. _______ billion

Choose an answer

3,234

3150

3.064

None of the above

Following is the major source for a country to meet the deficiency of capital

Choose an answer

Domestic saving

Foreign aid

Domestic barrowing

All of these

Which of the following is a component of M1.

Choose an answer

Saving deposit

Credit card

Checkable deposit

Gold

If the price of both goods increase by the same percent , the budget line will.

Choose an answer

shift parallel to the left

Shift parallel to the right

Pivot about the x axis

Pivot about the Y axis

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

The limit of an economy's total productive capacity at any given time is set by

Choose an answer

The amount of money in circulation

Business demand for goods and services

The level of government spending and taxation

the quantity and quality of its productive resources

What characteristic does statistics emphasizes, as a Method or as a singular noun.

Choose an answer

Descriptive

Analytical

Inferential

Comparative

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Choose an answer

rise

fall

not change

fluctuate

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