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MCQs Economics – 4

Multiple Choice Questions about the Subject of Economics for the preparation for the PPSC Lecturer test and various job and School, College, and University related examinations.

1. Personal income includes


2. The marginal cost curve always intersects the averages cost curve at


3. The shape of AR and MR under perfect competition is


4. During a year aggregate value of produced goods and services of a country is called


5. A monopolistically competitive firm in the long run equilibrium


6. The market structure in which strategic considerations are most important is


7. If total expenditure decreases with the rise in price elasticity of demand will be


8. The quality of a commodity that satisfies human wants


9. How many methods can be used for cultivation?


10. A monopolistically competitive firm in short run equilibrium


11. A market is said to be in equilibrium when


12. The reward for labour is


13. The supply of land is


14. The reward for capital is called


15. Macro Economics was introduced by


16. As more of a good is consumed, then total utility typically


17. The supply of perishable goods is


18. Income elasticity shows the relationship between


19. Due to devaluation exports become


20. If pen and ink are complements, then an increase in the price of the pen will cause


MCQs Economics

Attempt MCQs Economics – 3 Test

MCQs Economics – 3

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MCQs Economics

MCQs Economics – 2

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Try MCQs Economics Test 1

MCQs Economics – 1

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