Question # 1

Economics growth can be seen by an outward shift of.

Choose an answer

The production possibility frontier

The gross domestic barrier

The marginal consumption frontier

The Minimum Efficient scale

Normative economics form ______ based on.

Choose an answer

Positive statements facts

Opinions, personal values

Positive statements values

Opinions facts

The search for answers to research questions is called collection of

Choose an answer

Facts

Evidences

Data

Reasons

If a maximum price is set below equilibrium there will be.

Choose an answer

A price fall

A price increase

Excess supply

Excess demand

A set of systematically related propositions specifying causal relationships among variables.

Choose an answer

Research

Concept

Theory

Hypothesis

'Equal chance of being included in the sample", about what does Dr. Yates and Harper defined like this.

Choose an answer

Stratified sampling

Probability sampling

Proportional sampling

None of these

If sales are forecasted using an adaptive expectations model where the coefficient of adjustment .2, the sales forecast for 1986 is.

Choose an answer

Rs.260

Rs.244.4

Rs.3.6

Rs.283.6

To maximize revenue, an excise tax should be imposed on a product

Choose an answer

That has a highly elastic demand curve

Such as St. Joseph's children's' aspirin.

Such as salt

such as Toyota automobiles

A square matrix with 1's in its principal diagonal and zeros every where else is.

Choose an answer

Diagonal matrix

Identity matrix

Leading diagonal

Scalar matrix

(A+B) = (B+A) this law of matrices is known as.

Choose an answer

Cumulative law

Associative law

Distributive law

Identity law

The natural rate of unemployment is likely to tall if

Choose an answer

Unemployment benefits increase

Income tax increases

More training is available for the unemployed

Geographical immobility increases

The best measure of economic developments is.

Choose an answer

GNP

HDI

PQLI

None of these

Which of the following can the government not use directly to control the economy.

Choose an answer

Pay rates within the privates sector

Pay rates in the public sector

Investment in education

Benefits available for the un employed and sick

__________ is a said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries infavor of member countries.

Choose an answer

Trade creation

Trade diversion

Trade exclusion

Trade distortion

In a recession

Choose an answer

Unemployment is likely to be low

prices are likely to increase

Growth is negative

Growth is slow

Direct investment and security purchases are classified as.

Choose an answer

Capital account transactions

Current account transactions

Unilateral transfer transactions

Merchandise trade transactions

Which refers to a scale with a set of points which describes varying degrees of the dimensions of an attribute observed.

Choose an answer

Rating scale

Score card

Check list

Observation

An increase in the money supply other thighs equal shifts the ______ curve to the

Choose an answer

IS ; right

Is ; left

LM ; Left

LM ; right

When unintended investment is positive

Choose an answer

Output tends to rise

Output tends to fall

Output is in equilibrium

None of these

If the same amount is added to or subtracted from all the values, standard deviation shall be.

Choose an answer

Changed

Unchanged

Both

None

Information that is represented usually as words, not numbers.

Choose an answer

Qualitative data

Quantitative data

Primary data

Scientific data

An increase income will

Choose an answer

Lead to a movement along the demand curve

Shift the supply curve

Shift the demand curve

Lead to an extension of demand

Profit making is basic motive in.

Choose an answer

Socialism

Mixed economy

Communism

^Capitalism

In Pakistan income tax is

Choose an answer

progressive tax

Proportional

Direct

A and c of above

Micro economics is the study of.

Choose an answer

Economy on the whole

Large units of the economy

Individual units of the economy

General economics

The research is a systematic gathering of information among individuals and collectives.

Choose an answer

Case study

Survey

Content analysis

Census Report

Firm in oligopoly are likely to.

Choose an answer

Invest heavily in branding

Act independently of other firms

Try to differentiate its products

Try to be a price maker

The largest source of tax revenue for the federal government is

Choose an answer

The prerenal income tax

The social security tax

the property tax

The sales tax

A decrease in autonomous consumer expenditure causes the equilibrium level of aggregate output to __________ at any given interest rate and shifts the ___ curve to the __________

Choose an answer

rise ; LM ;right

rise ; IS ; right

Fall ; LM ; left

rise ;IS; Left

If GNP of Pakistan nees it wil encourage

Choose an answer

Exports goods

imports goods

Both a and b

None

Indifference curve has following characteristics except.

Choose an answer

Convex to origin

Intersect each other

Not necessary to be parallel

None of these

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