Question # 1

In the ISLM framework an expansionary monetary policy causes aggregate output to _____________ and the interest rate to

Choose an answer

increase ; increase

Increase ; decrease

decrease ; decrease

decrease ; increase

The total utility of the third unit of product x is.

Choose an answer

10

5

23

38

Which of the following characteristics if Islamic economic system is true

Choose an answer

An Islamic state is essentially a welfare state.

Ensure social justice

All economic problems are solved in the light of moral values

All of the above

An increase in the costs of production will

Choose an answer

Shift demand out wards

Shift demand in wards

Shift supply out wards so more is supplied at each and every price all other things unchanged.

Shift supply inwards

The method by which a sample is chosen

Choose an answer

Unit

design

Random

Census

The equilibrium inflation rate is determine by the intersection of __________ and ___

Choose an answer

demand, supply

IS , LM

AD, AS

Labour demand, labour supply

Objectivity, generality, systematic and quality are the characteristics of.

Choose an answer

Case study

Projective technique

Narrative method

Content analysis

Skills that embodied in a person are called.

Choose an answer

Human capital

Embodied skills

Physical capital

Experience skills

__________ 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

The elasticity of demand for cigarettes by a non smoker is.

Choose an answer

Unitary price elastic

Relatively price elastic

Perfectly price elastic

Perfectly price inelastic

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Choose an answer

3>2>1

3 +2>1

3<2<1

Any measure can be larger or smaller than any other

A supply curve is directly affected by

Choose an answer

Technology

Input costs

Government regulation

All of the above

Macro economics deals with

Choose an answer

Only the decisions made by individuals and their results.

Only the decisions made by businesses and their results.

Mostly large scale decisions made by countries and governments, and their results.

Only the decisions made by individuals but not the results.

An example of discretionary fiscal policy would be.

Choose an answer

The operation of the welfare sate

The operation of the processive federal income tax

A tax cut adopted to stimulate consumption

An interest rate out in plummeted to stimulate consumption

when there is huge change in demand following method is used to measure elasticity of demand.

Choose an answer

Percentage method

Arc method

Point method

Other method

Fiscal policy is purposeful movements in _____designed to direct an economy

Choose an answer

Interest rate

Legal structures

Government regulations

D Government spending and taxes

R.M. Solow in his model assumes that the prices and wages are.

Choose an answer

Flexible

Non flexible

Rigid

None of these

If the rate of growth of a full employment labor forc eis 1.55 and 2.55 then the celling rate of growth of real GNP, according to Hick's theory of a constrained business cycle,is.

Choose an answer

1.5 %

2.55

4.0%

1.7%

An -increase the expected future price of a good.

Choose an answer

Increases its demand

Decreases its demand

Increases its supply

Has no effect on either its demand or its supply.

Real GNP is a crude measure of national welfare because it excludes.

Choose an answer

Consumption

Investment

Export's

work in the home

As the required reserve ratio is decreased the money multiplier.

Choose an answer

Could either increase or decrease

Remains the same as long as banks hold no excess reserves

Increase

Decreases

Case studies are not use ful for

Choose an answer

In depth study

Flexible data collection

Generalization

Datives theory

A determinant compose of all the second order partial derivatives, with the second order direct partials on the principal diagonal and the second order cross partials off the principal diagonal and which is used to second order condition of optimization is called.

Choose an answer

Jacobian determinant

Hessian determinant

Discriminant

None of these

In the long run, an increase in productivity would cause output to _________ and the aggregate price level to

Choose an answer

fall ; rise

fall ; fall

rise ; fall

rise ; rise

A good example of a public good is.

Choose an answer

Public transport

National defense

The national health service

Rail transport

GDP per head may be an imperfect measure of economic welfare because it excludes.

Choose an answer

The value of leisure

Externalities

Untraded goods

All of the above

The first level of output at which the long run average costs are minimized is called.

Choose an answer

The minimum Efficient Scale

The minimum External scale

The Maximum External scale

The maximum Effective scale.

The first census in Pakistan was held in

Choose an answer

1948

1951

1959

1961

Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.

Choose an answer

Increase both imports and exports

Increase exports and reduce import

Reduce a balance of payments surplus

Reduce a balance of payment deficit

A change in the money supply has a greater effect upon equilibrium income.

Choose an answer

The more interest sensitive private sector spending is.

The less interest sensitive private sector spending is.

The smaller the expenditure multiplier is

The more interest sensitive money holdings are to the rate of interest.

Equilibrium in the money markets can be expressed by the equation i = 9k/h) Y -M/h. The slope of LM decrease when

Choose an answer

k increases and h increase

k increases and h decrease

k decrease and h increase

k decrease and h decrease

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