Author: Muhammad Imdad Ullah

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. Macro Economics was introduced by


2. Personal income includes


3. The reward for capital is called


4. The reward for labour is


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


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


7. The supply of perishable goods is


8. The quality of a commodity that satisfies human wants


9. A monopolistically competitive firm in the long run equilibrium


10. How many methods can be used for cultivation?


11. Due to devaluation exports become


12. A monopolistically competitive firm in short run equilibrium


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


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


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


16. Income elasticity shows the relationship between


17. A market is said to be in equilibrium when


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


19. The supply of land is


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


MCQs Economics

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MCQs Number System – 4

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MCQs Economics – 3

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MCQs Economics

MCQs Economics – 2

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MCQs Economics – 1

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