PPSC Economics Chapter 2 Micro Economics Preparation Online Test

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Today attempting the PPSC test is not as much challenge as the candidates think. The reason behind it is that today we find a number of sources and helping content to cover the examination preparation of PPSC. Ilmkidunya is known as one of the major sources of education where students can find potential solutions at every single level of education. Here we come with the PPSC test preparation. Students are provided the chapter wise PPSC online tests. These tests are comprised of the questions that are important for the Economics PPSC test. Here at this page, the team of Ilmkidunya offers the PPSC online test of Economics subject chapter 2. Once after clicking the start test button, you will be directed towards the test and you will find 20 minutes to cover the test.

PPSC Economics Test Chapter 2 Syllabus

Economics subject chapter 2 is comprised of several concepts related to Microeconomics. competition and market structures, consumers, demand, elasticity of demand, entrepreneurs, government failures/public-choice analysis, income distribution, market failures, and some others are the main topics covered under chapter 2.

PPSC Economics Ch. 2 Test

Online MCQ`s Test For Chapter 2 "PPSC Economics Chapter 2 Micro Economics"

Try The MCQ`s Test For Chapter 2 "PPSC Economics Chapter 2 Micro Economics"

  • Total Questions20

  • Time Allowed20

PPSC Economics Chapter 2 Micro Economics

00:00
Question # 1

An elasticity coefficient of -1 means that

Question # 2

The largest source of tax revenue for the federal government is

Question # 3

In order to practice price discrimination which of the following is needed.

Question # 4

A demand curve shows that relation between price and demand.

Question # 5

A Market situation where the number of buyers is very large and the number of sellers are very small is called.

Question # 6

If a firm which polluted the water of area had to pay all social cost would have

Question # 7

The negative slope of the demand curve indicates that there is _______ relationship between the price and the quantity demanded.

Question # 8

In perfect competition the industry will be in equilibrium.

Question # 9

In monopoly there is.

Question # 10

Which of the following does not represent a barrier to entry into a market.

Question # 11

A firm that is a price taker faces a perfectly

Question # 12

The arc elasticity formula is used to estimate elasticity when

Question # 13

The classical are of the view that utility can be.

Question # 14

The price elasticity of demand is teh same thing as the negative of the

Question # 15

Naveed purchases product M for which his income elasticity of demand is negative Apparently product M is.

Question # 16

In the long run a profit maximizing monopoly produces an output volume that

Question # 17

The tax is question 52 is

Question # 18

Cardinal approach theory was presented by

Question # 19

A monopolist will maximize profit.

Question # 20

In an industry with a falling long term supply curve, which of the following is true.

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2nd Chapter

PPSC Economics Chapter 2 Test

Here you can prepare PPSC Economics Chapter 2 (Micro Economics) Test. Click the button for 100% free full practice test.

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