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PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS MCQs With Answers
Question # 1
Disposable incomes is equal to.
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National income Minus taxes
Real GDP
National income Minus taxes
National income Minus Taxes plus transfers
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Question # 2
The impact and incidence of sales tax is
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On the consumer
On the seller
On the producer
None of these
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Question # 3
A demand curve shows the relation between the quantity demanded to a commodity over a given time and.
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the testes of consumer
The money income of cosumer
The price of related commodities
The price of the commodity
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Question # 4
Guid up of foreign exchange reserves leads to.
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Decrease in money supply
increase in money supply
contraction in money supply
None of the above
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Question # 5
The multiplier for a change in social security benefits is equl to the multiplier for a change in the same direction in salaries of Evanston police officers tiems.
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the marginal propensity to save
Minus the marginal propensity to save
The marginal propensity to consume
Minus the marginal propensity to consume
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Question # 6
If the Federal Reserve wishes to increase the money supply it should.
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Raise the reserve requirement
Raise the discount rate
Buy Treasury securities in the open market
All of the above
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Question # 7
The earliest statement of the principle of comparative advantage is associated with.
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Adam Smith
David Ricardo
Eli Heckshcer
Berti Ohlin
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Question # 8
During the 1980's empirical evidence indicates that.
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Poverty re emerged in Pakistan
Good growth brought down poverty in Pakistan.
Poverty situation showed no change
None of the above
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Question # 9
Comparative advantage is determined by
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Actual difference in labor productivity between countries.
Relative difference in labor productivity between countries.
both a and b
Neither a and b
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Question # 10
The fundamental economics problem faced by all societies is
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Un employment
In equality
Poverty
Scarcity
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Question # 11
"Treating an individual as typical of a group.
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Pure discrimination
statistical discrimination
Human capital
Specific skills
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