PPSC Economics Chapter 1 Basic Economics

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  • Chapter NameBasic Economics

PPSC Economics Chapter 1 Basic Economics

  • Total Questions20

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PPSC Economics Chapter 1 Basic Economics

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Question # 1

Any combination of products inside the production possibility frontier is

Question # 2

A profit maximizing firm in perfect competition produces where

Question # 3

A depreciation of currency occur when

Question # 4

The marginal propensity to consume is equal to.

Question # 5

If marginal cost is positive and falling.

Question # 6

The price mechanism does not act as a

Question # 7

The free market involves

Question # 8

If injection are less than with drawls at the full employment level of national income there is.

Question # 9

The best describes consumer surplus.

Question # 10

What makes economics scientific.

Question # 11

Which of the following is not an obvious or direct determinant of a country's imports.

Question # 12

Which of the following is a characteristic of pure monopoly.

Question # 13

Finding a partner to work with abroad is called a.

Question # 14

A study of how increase in the minimum wage rate will effect the national unemployment rate is an example of.

Question # 15

The difference between gross investment and net investment is.

Question # 16

Supply side policies are most appropriate to cure.

Question # 17

If an increase in investment leads to a bigger increase in national income this is called the.

Question # 18

A subsidy paid to producers.

Question # 19

To be productively efficient a firm must produce where

Question # 20

If there is cyclical unemployment in the economy the government might.

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