Economics MCQs 4

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics. Let us start with the Online Economics Quiz.

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

 
 
 
 

2. The quality of a commodity that satisfies human wants

 
 
 
 

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

 
 
 
 

4. A monopolistically competitive firm in short run equilibrium

 
 
 
 

5. The marginal cost curve always intersects the average cost curve at

 
 
 
 

6. Income elasticity shows the relationship between

 
 
 
 

7. The supply of land is

 
 
 
 

8. How many methods can be used for cultivation?

 
 
 
 

9. The supply of perishable goods is

 
 
 
 

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

 
 
 
 

11. Personal income includes

 
 
 
 

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

 
 
 
 

13. The reward for labour is

 
 
 
 

14. A market is said to be in equilibrium when

 
 
 
 

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

 
 
 
 

16. A monopolistically competitive firm in the long run equilibrium

 
 
 
 

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

 
 
 
 

18. Macro Economics was introduced by

 
 
 
 

19. The reward for capital is called

 
 
 
 

20. Due to devaluation exports become

 
 
 
 


Online Economics MCQs with Answers

  • If total expenditure decreases with the rise in price elasticity of demand will be
  • Income elasticity shows the relationship between
  • The supply of land is
  • The shape of AR and MR under perfect competition is
  • The supply of perishable goods is
  • The quality of a commodity that satisfies human wants
  • The marginal cost curve always intersects the average cost curve at
  • During a year aggregate value of produced goods and services of a country is called
  • How many methods can be used for cultivation?
  • The reward for labour is
  • Due to devaluation exports become
  • The reward for capital is called
  • Personal income includes
  • Macro Economics was introduced by
  • If pen and ink are complements, then an increase in the price of the pen will cause
  • A market is said to be in equilibrium when
  • As more of a good is consumed, then total utility typically
  • A monopolistically competitive firm in short-run equilibrium
  • A monopolistically competitive firm in the long run equilibrium
  • The market structure in which strategic considerations are most important is
Online Economics MCQs with Answers

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