PPSC Economics Topic 6 Economics Models

Top Scorers Of PPSC Economics Topic 6 Economics Model MCQ`s Test

R

romana 07 - Dec - 2020 15 Min 32 Sec 17/20
S

Shahida 01 - Sep - 2021 04 Min 36 Sec 16/20
A

Amjad Ali 08 - Jun - 2023 10 Min 35 Sec 16/20
Q

queen princes 27 - May - 2022 04 Min 28 Sec 15/20
T

Tayyeba 23 - Feb - 2022 06 Min 54 Sec 15/20
A

Abdul subhan 28 - Jun - 2021 07 Min 42 Sec 15/20
M

Mehmood ul hassan 13 - Nov - 2023 06 Min 54 Sec 13/20
S

Shad Ali Shah 27 - Jul - 2024 14 Min 29 Sec 13/20
A

Aiza 26 - Jun - 2021 07 Min 57 Sec 12/20
S

Shama Suleman 21 - May - 2022 12 Min 38 Sec 12/20
A

Ayesha siddiqa 30 - May - 2021 19 Min 38 Sec 12/20
A

abuzar 15 - Jul - 2023 13 Min 14 Sec 11/20
F

Farhan Islam 24 - May - 2022 06 Min 43 Sec 10/20
S

Sobia 04 - Jul - 2021 20 Min 03 Sec 10/20
B

Bushra Khalil 27 - May - 2022 09 Min 48 Sec 9/20

PPSC Economics Chapter 6 Important MCQ's

Sr.#	Question	Answer
1	As the price of a good increases, the change in the quantity demanded can be shown by	A. Shifting the demand curve leftward B. Shifting the demand curve rightward C. Moving down along the same demand curve D. Moving up long the same demand curve
2	To determine the total demand for all consumers sum the quantity each consumer demands.	A. At a given price B. At all prices and then sum this amount across all consumers C. Both a and b will generate the same total demand D. None of the above
3	An increases in the demand curve for orange juice would be illustrated as a.	A. Leftward shift of the demand curve B. Right ward shift of the demand curve C. Movement up along the demand curve D. Movement down along the demand curve
4	If a government imposed price celling causes the observed price in a market to be below the equilibrium price.	A. There will be excess demand B. There will be excess supply C. The curves will shift to make a new equilibrium at the regulated price D. None of the above
5	If the demand curve for a good is horizontal and the price is positive then a leftward shift of the supply curve results in.	A. a price of zero B. An increase in price C. A decrease in price D. No change in price
6	If the price of orange juice rises 10% and as a result the quantity demanded falls by 8% the price elastic of demand for orange juice is.	A. -1.25 B. Inelastic C. Both a and b D. Neither A nor B above
7	The expression increase in quantity supplied is illustrated graphically as a.	A. Leftward shift in the supply curve B. Rightward shift in the supply curve C. Movement up long the supply curve D. Movement down along the supply curve
8	For a given positively sloped supply curve the price increase to consumers resulting from a specific tax imposed on sellers will be.	A. Greater the more price elastic demand is B. Greater the less price elastic demand is C. Equal to the entire tax when demand is perfectly elastic D. Equal to half of the tax whenever demand is unit elastic
9	In the labor market if the government imposes a minimum wage that is below the equilibrium wage then.	A. Workers who wish to work at the minimum wage will have a difficult time finding jobs. B. Firms will hire fewer workers than without the minimum wage law. C. Some workers may lose their jobs as a result D. Nothing will happen to the wage rate or employment
10	A competitive equilibrium is described by	A. A price only B. A quantity only C. The excess supply minus the exceess demand. D. A price and a quantity

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

PPSC Economics Topic 6 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 6 Economics Model

PPSC Economics Topic 6 Economics Model

Consumers and firms are known as price takers only it

It is appropriate to use the supply and demand model if in a market.

If the price of automobiles were to decrease substantially the demand curve for public transpiration would most likely.

Most Microeconomic models assume that decision makers wish to.

A vertical demand curve for a particular good implies that consumers are.

The purpose of making assumptions in economic model building is to.

A specific tax on sellers will

To determine the total demand for all consumers sum the quantity each consumer demands.

Economists tend to judge a model based upon

As the price of a good increases, the change in the quantity demanded can be shown by

A Horizontal demand curve for a good could arise because consumers.

If the price of automobiles were to increase substantially the demand curve for gasoline would most likely

If the price of orange juice rises 10% and as a result the quantity demanded falls by 8% the price elastic of demand for orange juice is.

If the price of automobile were to decrease substantially the demand curve for automobiles would most likely.

Equilibrium is defined as a situation in which.

A competitive equilibrium is described by

If the demand curve for a good is horizontal and the price is positive then a leftward shift of the supply curve results in.

Which of the following is an example of a normative statement.

If government regulations prohibit the production of a particular good the demand curve for that good will most likely.

If price is initially above the equilibrium level.

Prepare Complete Set Wise PPSC Economics Topic 6 Economics Model MCQs Online With Answers

Set 1

Set 2

Topic Test

Top Scorers Of PPSC Economics Topic 6 Economics Model MCQ`s Test

PPSC Economics Chapter 6 Important MCQ's

Test Questions

Share your comments & questions here