Economics

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 MCQs 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. A market is said to be in equilibrium when

 
 
 
 

2. The quality of a commodity that satisfies human wants

 
 
 
 

3. A monopolistically competitive firm in short run equilibrium

 
 
 
 

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

 
 
 
 

5. The supply of land is

 
 
 
 

6. The reward for capital is called

 
 
 
 

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

 
 
 
 

8. Income elasticity shows the relationship between

 
 
 
 

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

 
 
 
 

10. A monopolistically competitive firm in the long run equilibrium

 
 
 
 

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

 
 
 
 

12. The reward for labour is

 
 
 
 

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

 
 
 
 

14. The supply of perishable goods is

 
 
 
 

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

 
 
 
 

16. How many methods can be used for cultivation?

 
 
 
 

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

 
 
 
 

18. Macro Economics was introduced by

 
 
 
 

19. Personal income includes

 
 
 
 

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

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 Questions 2

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and these economics quiz Questions 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 Questions.

Please go to MCQs Economics Quiz Questions 2 to view the test

MCQs Economics Quiz Questions

  • 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 Questions

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