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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. The reward for capital is called


2. How many methods can be used for cultivation?


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


4. Due to devaluation exports become


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


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


7. A market is said to be in equilibrium when


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


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


10. The supply of land is


11. A monopolistically competitive firm in the long run equilibrium


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


13. Macro Economics was introduced by


14. The supply of perishable goods is


15. Personal income includes


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


17. The reward for labour is


18. A monopolistically competitive firm in short run equilibrium


19. Income elasticity shows the relationship between


20. The quality of a commodity that satisfies human wants


MCQs Economics

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