PPSC Economics Topic 14 MCQS Test Preparation

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

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PPSC Economics Topic 14 History Of Economics Thought

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Question # 1

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

Question # 2

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

Question # 3

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

Question # 4

The Marxist concept of surplus value would not include income received in the form of

Question # 5

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

Question # 6

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

Question # 7

Keynes owes the concept of multiplier to

Question # 8

Super Natural power, divinity, and gifts of nature are integral to the explanations of economic events developed by.

Question # 9

the mar mist theory of dialectical materialism theoretically follows a sequence

Question # 10

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

Question # 11

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

Question # 12

Who among the following was the leader of Monetarism

Question # 13

Nationalism, self sufficiency, and imperial power were central concerns of.

Question # 14

management of the economy via extensive regulation and laws specified by the national government is most consistent with

Question # 15

The multiplier is the reciprocal of A

Question # 16

According to Karl Marx, revolution would inevitably come from the opposed workers, known as the

Question # 17

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 # 18

Alfred Marshall formalized and then popularized the analytical technique known as

Question # 19

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

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 Medieval scholastics, early Islamic thinkers, and Aristotie all agreed that.
A. Payments of interest should be prohibited.
B. Commerce was modeled on a circular flow
C. Surpluses are enhanced throgh skilled management.
D. All of the above
2 According to Karl Marx, revolution would inevitably come from the opposed workers, known as the
A. Proletariat
B. Paricians
C. Bourageoise
D. Panaces
3 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
4 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
5 Social welfare is maximized when a hedonistic calculus regulates all human action according to the interventionist liberal
A. John Stuart Mill
B. Thorstein veblen
C. Milton Frideman
D. Jeremy Bentham
6 The Marxist concept of surplus value would not include income received in the form of
A. wages
B. rent
C. Interest
D. corporate profit
7 The cliche that "the punishment should fit the crime" originated in the writing of.
A. Plato
B. Thomas Aquinas
C. Jeremy Bentham
D. David Hume
8 Super Natural power, divinity, and gifts of nature are integral to the explanations of economic events developed by.
A. Physiocrais
B. German historicists
C. Modern monetarists
D. Mercantilists
9 Alfred Marshall formalized and then popularized the analytical technique known as
A. General equilibrium analysis
B. Felicific calculus
C. Partial equilibrium analysis
D. Differential equations
10 Which of the following was a belief shared by utopian and scientific socialists.
A. The labor of the middle class determines the value of a product
B. Class struggle is the necessary means to achieve social change
C. Private property should be abolished
D. History is determined by economic laws

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