Tests of Economics

Economics MCQs

66

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Economics Quiz

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Who was exponent of welfare economics:-

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If injections are greater than withdrawl:-

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Macroeconomics deals with:-

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The law of demand state that:-

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The average propensity to consume gets nearer in value to the marginal propensity to consume as _____ increases:-

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The first level of output at which the long run average costs are minimized is called:-

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The  first  clear  and  satisfactory  explanation  of  rent   was  given by  :-

8 / 25

A demand switching policy could be:-

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Census   is  conducted in India   each :--

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An increase in aggregate demand is more likely to be demand pull inflation if:-

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Normal  goods  have  ______ income  elasticity :-

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The  demand  for  necessities  is  inelastic :-

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When we assume that what is true for the part is also true for the  whole, we are committing:-

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In perfect  competition  ,  the  demand  curve  of  a  firm  is :-

15 / 25

At  the  point  of  inflexion  , the marginal  product is :-

16 / 25

Pakistan started its planning experience with:-

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Which  is  the  first  order  condition  for  the  profit  of  a  firm  to  be   maximum :-

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If the state bank reduce the money supply, a floating exchange rate will help in reducing inflation:-

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In monopoly, in long run equilibrium:-

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A  firm  should  shut  down  in the  short  run  if  it  is  not  covering its :-

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Larger  production of   __________ goods  would  lead  to   higher  production  in future :-

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In perfect competition:-

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The  capital  that  is   consumed  by  an economy   or  a  firm  in the  production  process is  known as :-

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Total consumption divided by total income gives us:-

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Ten rupees  is  the  equilibrium  price  for  good  X.  If  government  fixes  the  price at  Rs 5. there  is  :-

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