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	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
2	Equilibrium is defined as a situation in which.	A. Neither buyers nor sellers want to change their behavior B. No government regulations exist C. Demand curves are perfectly horizontal D. suppliers will supply and amount that buyers wish to buy
3	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
4	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
5	If the price of automobiles were to increase substantially the demand curve for gasoline would most likely	A. Shift leftward B. Shift right ward C. Become flatter D. Become steeper
6	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
7	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
8	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
9	A vertical demand curve for a particular good implies that consumers are.	A. Sensitive to changes in the price of that good B. Not sensitive to changes in the price of that good. C. Irrational D. Not interested in that good
10	A vertical demand curve results in.	A. No change in quantity when the supply curve shifts. B. No change in price when the supply curve shifts C. No change in the supply curve being possible D. No change in quantity when the demand curve shifts.

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

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

A vertical demand curve results in.

Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase this increase in the price of the good results in.

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

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

Consumers and firms are known as price takers only it

For a given positively sloped supply curve the price increase to consumers resulting from a specific tax imposed on sellers will be.

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

Holding all other factors constant consumers demand more of a good the

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

Equilibrium is defined as a situation in which.

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

The expression increase in quantity supplied is illustrated graphically as a.

If price is initially above the equilibrium level.

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

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

The percentage change in the quantity demanded in response to a percentage change in the price is known as the.

An increases in the demand curve for orange juice would be illustrated as a.

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.

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

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