PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS

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PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS

  • Total Questions20

  • Time Allowed20

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PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS

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Question # 1

If there is a price floor there will be

Question # 2

Productivity can grow.

Question # 3

Devaluation leads to.

Question # 4

The exogenous variable in the income equation C +!+G = y is

Question # 5

The impact and incidence of sales tax is

Question # 6

In 25 years Pakistan's Per capital income

Question # 7

Which of the following is most likely to benefit a debtor.

Question # 8

Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.

Question # 9

All economic model ae based on

Question # 10

Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.

Question # 11

If a small country imposes a tariff on an imported good its terms of trade will

Question # 12

Suppose that the domestic government allows a specific number of goods to be imported each year but it does not spicily from where the product is shipped or who is permitted to import such a trade barrier is known as

Question # 13

Indirect taxes are

Question # 14

____________ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

Question # 15

Unemployment Rate is a percentage relation with reference is.

Question # 16

If a country has linear production possibilities frontier than production is said to be subject to.

Question # 17

An economy that has achieved full production has achieved

Question # 18

Personal inocme is obtained by adding which items to national income

Question # 19

A firm's monopolistic position is strengthened by

Question # 20

A_______ is an example of a quota where foreigners hold quota licenses.

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