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 marginal cost curve always intersects the averages cost curve at

 
 
 
 

2. A market is said to be in equilibrium when

 
 
 
 

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

 
 
 
 

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

 
 
 
 

5. The supply of land is

 
 
 
 

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

 
 
 
 

7. Due to devaluation exports become

 
 
 
 

8. A monopolistically competitive firm in the long run equilibrium

 
 
 
 

9. How many methods can be used for cultivation?

 
 
 
 

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

 
 
 
 

11. A monopolistically competitive firm in short run equilibrium

 
 
 
 

12. The quality of a commodity that satisfies human wants

 
 
 
 

13. The reward for capital is called

 
 
 
 

14. The supply of perishable goods is

 
 
 
 

15. Macro Economics was introduced by

 
 
 
 

16. Personal income includes

 
 
 
 

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

 
 
 
 

18. The reward for labour is

 
 
 
 

19. Income elasticity shows the relationship between

 
 
 
 

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

 
 
 
 

MCQs Economics

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