Question # 1

Which of the following is not an example of the functions of statistic.

Choose an answer

Average

Intelligence quotient

Diagram

x2 test

The accelerator assumes.

Choose an answer

The marginal propensity to consume is constant

The economy is at full employment

There is a constant relationship between net investment and the rate of change of output

The multiplier is constant

A market is in equilibrium when

Choose an answer

Ac = P

MC = MR

AC =AR

TC =TR

Economists use the phrase ceteris paribus to express the assumption.

Choose an answer

All else equal

Everything affects everything else.

Scarcity is a fact of life

There is no such thing as a free lunch

When the stock market a rising it is called.

Choose an answer

Bearish

Bullish

Perfect competition

Rising up

A demand curve shows that relation between price and demand.

Choose an answer

Positive

Negative

Zero

Very strong

The AD schedule indicates that______ inflation is associated with______ output.

Choose an answer

higher , lower

Higher , higher

Lower , lower

zero ,zero

In the mid 1960's agricultural scientists developed high yielding varieties of.

Choose an answer

Rice and Wheat

Rice and Cotton

Coffee, rubber

None of these

The impossibility of negative gross investment provides a______ to fluctuations in.

Choose an answer

Celling, stock building

Celling, capital prices

floor , output

floor , the capital output ratio

An increase in the expected rate of inflation would.

Choose an answer

shift the Philips curve upward

shift the phillips curve downward

Shift the long -run phillips curve to the right

Shift the long-run phillips curve to the left

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Choose an answer

the testes of consumer

The money income of cosumer

The price of related commodities

The price of the commodity

The opportunity cost of a student is.

Choose an answer

Course fees and rent

A loan from the bank

What the student could have earned in the best job available by not studying.

What the student will earn after graduation.

In order to practice price discrimination which of the following is needed.

Choose an answer

Some degree of monopoly power

An ability to separate the market

An ability to prevent reselling

All of the above

Export led growth strategies tend to emphasize.

Choose an answer

Resource allocation based on the principle of absolute advantage.

Resource allocation based on the principle of comparative advantage.

Trade protection for exporting competing firms

Trade protection for import competing firms

Appreciation of the U.S. dollar results in.

Choose an answer

U.S. tourists traveling abroad being worse off

U.S. imports increasing.

Foreign currency buying more U.S. goods and services.

No change iin foreign pucchases or sales.

Except for taxes to offset ___ taxes are.

Choose an answer

Imperfect competition , popular

Extremality's, distortionary

Inequality, a first best option

Poor health, unnecessary

Classical design is a type of

Choose an answer

Basic research

Applied research

Action research

Exploratory research

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

The Laffer curve depicts

Choose an answer

A trade off between tax rates and government receipts

Price levels and real income

government deficits and unemployment

Tax rates and infixation

Game theory

Choose an answer

Firm are assumed to act independently

Firms are assumed to cooperate with each other

Firm collude as part of a cartel

Firms consider the actions of others before deciding what to do.

The notation of Relationship is important

Choose an answer

Dominations ecology

Deep ecology

Sympathy ecology

None of these

Total factor productivity growth is that part of economic growth due to.

Choose an answer

Capital growth plus labor growth

Capital growth less labor growth

Capital growth times labor growth

Neither capital growth nor labor growth

The current chairperson of the planning commission of Pakistan.

Choose an answer

Nadeem ul Haque

Mehmood ul Haq

Abdul Hafeez sheikh

None of the above

Trade based on comparative advantage assures that.

Choose an answer

Only the strongest suvrive

Some people are rich and others are poor

Each item is produced using the least amount of time needed to produce it

Each item is produced at as low a cost possible in terms of other things given up

An IOU of the Federal Reserve Bank of Scan Francisco to Bank of America is called.

Choose an answer

Discourse

Federal funds

Reserves

Collateral

In land intensive method which mean production is used comparativelymore

Choose an answer

Labour

Land

Capital

Organization

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

Choose an answer

Descriptive

Analytical

Inferential

Comparative

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

Choose an answer

demand, supply

IS , LM

AD, AS

Labour demand, labour supply

Say's law states that

Choose an answer

Supply creates its own demand

Demand creates its own supply

There is no such things as a free lunch

Macro economics policy activism is essential to ensure full employment.

In perfect competition price is settled by

Choose an answer

Sellers

Buyers

Producers

Both a and b

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