Economics

Important Economics Quiz

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and all these economics quizzes help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Click the link below to start with the Economics Quiz.

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MCQs Economics Quiz with Answers

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Economics MCQs 4

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this Economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. 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. As more of a good is consumed, then total utility typically

 
 
 
 

2. Macro Economics was introduced by

 
 
 
 

3. The quality of a commodity that satisfies human wants

 
 
 
 

4. The supply of perishable goods is

 
 
 
 

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

 
 
 
 

6. A market is said to be in equilibrium when

 
 
 
 

7. Due to devaluation exports become

 
 
 
 

8. Income elasticity shows the relationship between

 
 
 
 

9. How many methods can be used for cultivation?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

13. The reward for capital is called

 
 
 
 

14. A monopolistically competitive firm in the long run equilibrium

 
 
 
 

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

 
 
 
 

16. The reward for labour is

 
 
 
 

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

 
 
 
 

18. The supply of land is

 
 
 
 

19. A monopolistically competitive firm in short run equilibrium

 
 
 
 

20. Personal income includes

 
 
 
 


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

MCQs Economics – 3 Test

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Online MCQs Economics Quiz 3

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this Economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Let us start with the Online MCQs Economics Quiz.

Please go to Online MCQs Economics Quiz 3 to view the test

Online MCQs Economics Quiz

  • In inflation prices
  • Inflation will be useful for
  • The economy gets prosperity during
  • It is a Federal Tax
  • The quality of a good that satisfies a human want to called as
  • Which Economists presented the law of diminishing marginal utility?
  • The methods of measuring the elasticity of supply are
  • According to the law of increasing return, the marginal product
  • Average revenue is equal to
  • When the price falls supply
  • The other name of the law of diminishing return is
  • The elasticity of demand for durable goods is
  • Rent of the building is included in
  • Who is responsible for profit and loss in the business?
  • National income does not include
  • Who presented the quantity theory of money?
  • International trade has the benefits
  • The economy gets maximum prosperity during
  • Ushr implies on
  • Who described Economics as a science of wealth?
Online MCQs Economics Quiz

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MCQs Economics Quiz 2

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Let us start with the MCQs Economics Quiz.

Please go to MCQs Economics Quiz 2 to view the test

MCQs Economics Quiz

  • When the price of a product falls, supply will be
  • When the price falls, supply will be
  • The slope of a demand curve is
  • Who is the writer of “The Wealth of Nations”?
  • When does national income increases
  • Inflation on prices
  • Phases of the trade cycle are
  • International trade has the benefits
  • Canons of taxation describe
  • Who wrote “The Nature and Significance of Economics”?
  • Who criticized Prof. Robbin’s definition?
  • Which economist presented the Cardinal Theory of Utility
  • The quality of a good which satisfies a human want is called as
  • According to the law of diminishing marginal utility, the marginal utility
  • Consumer goods are those goods that are used by a man
  • The elasticity of demand for durable goods is
  • The unity method of elasticity of demand was presented by
  • What remains after the deduction of direct taxes from personal income
  • What is deducted from GNP finds GDP?
  • What was the difficulty of the “barter system”?
MCQs Economics Quiz

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MCQs Economics 1

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Let us start with the MCQs Economics Quiz.

Please go to MCQs Economics 1 to view the test

Online MCQs Economics with Answers

  • “The true national income is that part of the annual net produce that is directly consumed during that year” Who said this
  • Who has given the concept of “Wage fund Theory”
  • Both households and societies face many decisions because
  • Which of the following is NOT included in the decisions that every society must make?
  • Economics deals primarily with the concept of
  • Households and economics have each of the following in common EXCEPT both
  • The word economy comes from the Greek word for
  • The word that comes from the Greek word for “One who manages a household” is
  • A monopsony is
  • Price discrimination is
  • If a monopoly is unable to cover its short-run variable costs, it should
  • If the monopolist maximizes profits when marginal revenue equals marginal cost equals average cost, economic profits must be
  • If a monopolist has only fixed costs and chooses that output at which marginal cost equals price, it will
  • If a monopolist had no costs, the best possible price would be where demand is
  • Personal income means
  • The national income period is
  • Factors of production are
  • The other name for law decreasing return is
  • Average revenue is equal to
  • In a monopoly the number of firms is
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