Question # 1

Art gallery argument give emphasis to aesthetic aspect of.

Choose an answer

Diversity

Nature

Life

None of these

A decrease in the quantity of money supplied shifts the money supply curve to the _____ and the LM curve to the

Choose an answer

right ; left

right ; right

left ; left

left ; right

if A = A , then A is

Choose an answer

Symmetric matrix

Skew symmetric matrix

Identity matrix

Orthogonal matrix

The relation between M2 and inflation is tighter than the relation between M1 and inflation because.

Choose an answer

M1 is larger than M2

The demand for M2 is more stable

M1 includes more liquid assets the M2

None of the above answers is correct.

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

Choose an answer

Shift leftward

Shift rightward

Remain unchanged

Disappear

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Choose an answer

Increase

Not change

Decrease

Shift

Economics is the science of Wealth who gave this definition.

Choose an answer

J-x Mehta

Marshall

Adam Smith

Robbins

What characteristic does statistics emphasizes, as a Method or as a singular noun.

Choose an answer

Descriptive

Analytical

Inferential

Comparative

Depreciation is.

Choose an answer

A decrease in the stock of capital

Gross investment

Net investment

An increases in the stock of capital

In the long run in perfect competition

Choose an answer

Price = average= cost = marginal cost

Price = average cost = total cost

The price covers fixed cost

total revenue = total variable cost

Which of the following is an example of primary data.

Choose an answer

Book

Journal

News paper

group interview

If injection are less than with drawls at the full employment level of national income there is.

Choose an answer

an inflationary gap

Equilibrium

A deflationary gap

Hyperinflation

Statistics should be capable of.

Choose an answer

Empiricism

systematic inquiry

Comparison

Evolution

If the income elasticity of demand is +4

Choose an answer

The good is an inferior good

The good is an inelastic normal good

The good is an elastic normal good

the good is an elastic inferior good

The main monetary tool in Islamic economic system regarding circulation of wealth is zakat it is for.

Choose an answer

Poor and needy

consumers

Producers

Banks

Monetary policy is concerned with influencing.

Choose an answer

The general level of money wages

The level of government expenditure

The price and availability of money

The level of shares on the stock market

The aggregate demand curve shows the combinations of output and the price level that put the economy on.

Choose an answer

The FE line and the IS curve

The FE line The IS curve and the LM curve

The IS curve

The IS curve and the LM curve

The money multiplier is 4, and the money creating potential of the banking system is Rs. 40,000,000. The legal reserve ratio and the excess reserves are.

Choose an answer

40 percent and Rs. 4,000,000

40 percent and Rs. 10,000,000

25 percent and Rs. 2.500,000

25 percent and Rs.10,000,000

Labour productivity measures.

Choose an answer

The output per worker

The output per machine

Total output

Marginal output

According the Keynes when the great depression started , the government should have.

Choose an answer

Done nothing

Decreased the money supply

Had a large increase in government spending.

Enacted high tariffs, such as the smoot Hawley tariff

The efficiency wage model can be modified to allow real wages to vary over the business cycle by assuming that.

Choose an answer

Workers effort may depend on the unemployment rate and the real wage

During a recession labor supply will decrease reducing the efficiency wage

During a recession productivity wil fall causing a reduction in the efficiency wage

During a boom labor demand will increase, causing the efficiency wage to rise

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Choose an answer

rise ; rise

fall ; rise

rise ; fall

fall ; fall

In a private sector model

Choose an answer

Household saving is a leakage from the circular flow

Investment is a spending injection

All of the above

None of the above

The value of a producer's output minus the value of the inputs if purchases from other producers is called the producer's

Choose an answer

Surplus

Profit

Gross product

Value added

A firm's monopolistic position is strengthened by

Choose an answer

low elasticity of demand for its product

High elasticity of demand for its product

Constant elasticity of demand

None of the above

Marginal utility is equal to average utility at that time when average utility is.

Choose an answer

Increasing

Maximum

Falling

Minimum

About __________ of land is cultivated through irrigation water.

Choose an answer

75%

45%

60%

35%

How many stock exchanges are there in Pakistan.

Choose an answer

2

3

4

5

At the intersection of AD and AS equilibrium is achieved in.

Choose an answer

The goods market

The money market

The labour market

All of the above

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Choose an answer

Reduces the likelihood

Increase the likelihood

Guarantees

None of the above

An increase in the wage rate.

Choose an answer

Will usually lead to more people employed

Will decrease total earnings if the demand for labour is wage elastic

Is illegal in a free market

Will cause a shift in the demand for labour

More Classes

Other Links

PPSC Economics Full Book MCQ Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer