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MCQs Economics – 4

Muhammad Imdad Ullah
Posted by Muhammad Imdad Ullah Posted on March 26, 2023 0 Comments on MCQs Economics – 4
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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

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