Question # 1

If in market the seller is changing different prices for the same commodity from different consumers it is known as.

Choose an answer

Price discrimination

efficient selling

Profit maxi miser in Monopoly

all of these

An economy that falls to realize all of its p9otential gains from specialization is.

Choose an answer

Achieving productive efficiency

Operating outside its production possibilities curve

Operating on its production possibilities curve in an inefficient manner

Operating inside its production possibility curve

The public sector includes.

Choose an answer

Investors owning companies

Government ownership of assets

Market forces of supply and demand

All trade via barter

Which of the following is the second law of gossen.

Choose an answer

Law of equal marginal utility.

Law of equi product

Theory of indifference curve

Law of diminishing marginal utility.

The arc elasticity formula is used to estimate elasticity when

Choose an answer

The product is thought to be inelastic

The product is thought to be elastic

The demand function is known

There are two observations of price and quantity

A demand switching policy could be.

Choose an answer

Higher interest rates

Higher income tax

Traiffs

Reduced government spending

the relation of productivity and income is discussed by Nurkse in.

Choose an answer

Vicious circle of poverty

balance growth theory

Unbalance growth theory

Big push theory

Elasticity of demand of luxurious goods is always more elastic

Choose an answer

More elastic

Less elastic

Equal elastic

None elastic

Which of the following is an automatic stabilizer.

Choose an answer

Unemployment benefits

Spending on education

Defense spending

Net interest

The first census in Pakistan was held in

Choose an answer

1948

1951

1959

1961

By definition, the marginal propensity to consumes.

Choose an answer

Equals OC/A Yd

Is the behavioral coefficient c in the equation C = C + cYd

Is the slops of the consumption function.

All of the above

One of money's primary roles in the economy comes from the use of money to transfer purchasing power to the future This role of money is called.

Choose an answer

store of value

Unit of account

Medium of exchange

Standard of deferred payment

During the 1980's empirical evidence indicates that.

Choose an answer

Poverty re emerged in Pakistan

Good growth brought down poverty in Pakistan.

Poverty situation showed no change

None of the above

Headquarter of International Association Development is located in.

Choose an answer

Vienna

New York

Washington

None of these

Devaluation of rupee would result into

Choose an answer

Expensive exports

Expensive imports

Expensive labour

Overvalues Rupee

The ratio of the change in the equilibrium level of income to a change in some automats increase in spending is the

Choose an answer

Elasticity coefficient

Multiplier

Automatic stabilizer

Marginal propensity of the autonomous variable

The national security argument for protection is more likely to be valid when

Choose an answer

The purpose is to maintain protection for an indefinite time period.

The industry is characterized by increasing returns to scale.

the economy operates during a recession

The protected industry provides invaluable goods during periods of war

Comparative advantage is determined by

Choose an answer

Actual difference in labor productivity between countries.

Relative difference in labor productivity between countries.

both a and b

Neither a and b

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

Which of the following does not result in an increase in U.S. autonomous net exports.

Choose an answer

The U.S. dollar depreciated

Major trading partners stimulate their economy

Foreign currencies depreciate

Foreign trading partners lift tariff barriers

The asset market approach a more helpful in explaning.

Choose an answer

why excahnge rates remain quite stable

Why governments change their money supplies.

Long term exchange rate movement.

Short term exchange rate movement.

Which of the following groups is most hurt by unexpected inflation.

Choose an answer

Workers with cost of living adjustments in their labor contracts

Home owners

People with large debts to pay for their homes and cars

People with large retirement savings held in savings accounts.

Rate of growth of an economy is measured in terms of

Choose an answer

Per capita income

industrial development

Number of people who have been lifted above the poverty line

National income

What is the share of rural population in the total population of Pakistan.

Choose an answer

61.8 %

67.5%

59.6%

74.8%

Reasoning from general to particular is called.

Choose an answer

Induction

deduction

Observation

Experence

When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.

Choose an answer

Expanding the U.S. money supply

Increasing government spending

Increasing taxes

Lowering interest rates in the united states.

When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.

Choose an answer

Rs. 100

Rs. 400

Rs.500

Rs.1000

The slope of a horizontal line is.

Choose an answer

One

Zero

Three

two

a contractionary monetary policy

Choose an answer

Reduces interest rtes

Reduces real output

shifts the LM curve to the right

All of the above

The data indicates that country A in billions of rupees is experiencing a

Choose an answer

A deficit of Rs.60

A surplus of Rs. 300

Deficit of Rs.900

A deficit of Rs. 500

A decline expected future output would cause the IS curve to.

Choose an answer

Shift up and to the right

Shift down and to the left

Remain unchanged

shift up and to the right only if people face borrowing constratints.

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