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

 
 
 
 

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