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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. A monopolistically competitive firm in short run equilibrium


2. How many methods can be used for cultivation?


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


4. The quality of a commodity that satisfies human wants


5. A monopolistically competitive firm in the long run equilibrium


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


7. The supply of perishable goods is


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


9. Income elasticity shows the relationship between


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


11. A market is said to be in equilibrium when


12. The reward for labour is


13. Macro Economics was introduced by


14. Personal income includes


15. The supply of land is


16. The reward for capital is called


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


18. Due to devaluation exports become


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


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


MCQs Economics

Attempt MCQs Economics – 3 Test