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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