PPSC Economics Topic 14 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 14 History Of Economics Thought

Try The MCQ's Test For PPSC Economics Topic 14 History Of Economics Thought

  • Total Questions20

  • Time Allowed20

PPSC Economics Topic 14 History Of Economics Thought

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Question # 1

The cliche that "the punishment should fit the crime" originated in the writing of.

Question # 2

Social welfare is maximized when a hedonistic calculus regulates all human action according to the interventionist liberal

Question # 3

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

Question # 4

Keynes owes the concept of multiplier to

Question # 5

Who among the following was the leader of Monetarism

Question # 6

In his description of an idealized city state Plato did not advocate.

Question # 7

The ancient Greek philosopher who tried to analyze isolated exchange because markets with standardized products were relatively rare during his are was.

Question # 8

Medieval scholastics, early Islamic thinkers, and Aristotie all agreed that.

Question # 9

The concept of a jus pric that condemned market forces for yielding unjust results was developed in the writings of.

Question # 10

The economist who spend twenty years cautiously trying out his ideas on his students before finally presenting them to the world near the close of the 19th contrary was.

Question # 11

the mar mist theory of dialectical materialism theoretically follows a sequence

Question # 12

Of the following the thinkers who viewed markets most favorably and who would consequently have been least likely to condemn payments of interest as immoral or unjustified by productivity would have been.

Question # 13

Which of the following was a belief shared by utopian and scientific socialists.

Question # 14

Which of the following is not among Restow's stage of growth.

Question # 15

The theory that is equilibrium workers wages will barely be adequate for biological needs is knows as the.

Question # 16

The word economics derives from an early Greek term that means management of a.

Question # 17

Alfred Marshall formalized and then popularized the analytical technique known as

Question # 18

The cliche that "The punishment should fit the crime " originated in the writings of.

Question # 19

Who was the social theorist tha proposed socialism a should serve as an intermediate stage on the way to an ideal communist society.

Question # 20

The notation that communism should be imposed on a nation's rulers so that they would neither be tempted by possessions nor diverted from the task of wise governance was proposed by.

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Sr.# Question Answer
1 The multiplier is the reciprocal of A
A. Marginal propensity to consume
B. Both MPF and MPS
C. Marginal propensity to save
D. None of these
2 Who among the following was the leader of Monetarism
A. Keynes
B. Milton friedman
C. A.W.Philip
D. Mankiv
3 According to Karl Marx, revolution would inevitably come from the opposed workers, known as the
A. Proletariat
B. Paricians
C. Bourageoise
D. Panaces
4 management of the economy via extensive regulation and laws specified by the national government is most consistent with
A. syndication
B. Mercantilism
C. Classical liberalism
D. None of these
5 The ancient Greek philosopher who tried to analyze isolated exchange because markets with standardized products were relatively rare during his are was.
A. Plato
B. Aristotie
C. Euclid
D. Protagoras
6 The notation that communism should be imposed on a nation's rulers so that they would neither be tempted by possessions nor diverted from the task of wise governance was proposed by.
A. Plato
B. Aristotle
C. Xenophon
D. Protagoras

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