September 6, 2020 |

PPSC Lecturer Economics Test 6 Online Preparation MCQs

Given below on this Website Online Free Taleem is free online MCQ’s test related to PPSC of Lecturer Economics. All the individuals who are going to appear in PPSC Lecturer of Economics written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Economics, all Past Papers of Lecturer of Economics PPSC that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

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Test Instructions:-
Test Name	Lecturer Economics
Subject	Economics Test 6
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

PPSC Lecturer of ٰEconomics Practice Test 6

1 / 25

Economic growth is Illustrated as:

Production Possibilities Frontier shifts inwards

Production Possibilities Frontier shifts outwards

Movement from inside the curve towards the curve

Movement along the production possibilities Frontier towards capital goods

2 / 25

Long run is a period in which:

All factors of production can change

Capital cannot be changed

only one factor of production is fixed

Labor cannot be changed

3 / 25

Short run is the time period in which:

None of the above

All factors of production are fixed

Variable factors of production can change

All factors of production can change

4 / 25

The term capitalism refers the:

State ownership of capital goods

Private ownership of capital goods

State and Private ownership of capital goods

Use of markets

5 / 25

The opportunity cost of a good refers the:

the time lost in finding it

the expenditure on a good

Loss of interest in using savings

the others goods sacrificed to get another unit of that good

6 / 25

When total utility increases at decreasing rate, Marginal Utility:

Increases

Decreases

remains constant

Varies with time and situation

7 / 25

Scarcity exists:

In only poor countries

In all countries of the world

In a country that uses resources inefficiently

When society produce unimportant or silly goods

8 / 25

Points on the Production Possibilities Frontier are:

None of the above

Inefficient

Unattainable

Efficient

9 / 25

Normative economics:

Is clearly preferable to positive economics

involves opinions and interpretations

Is never studied in colleges

Deals solely with the facts

10 / 25

Microeconomics concentrates:

On inflation

Individual economic units

Economic development of Pakistan

International economic prelateship

11 / 25

In economics, assumptions:

Enable economist to simplify reality

Used in micro and not in macroeconomics

Mean other things equal

Make economic theory useless

12 / 25

The fundamental economic problem is:

Unemployment

Inflation

Scarcity

Poverty

13 / 25

"The Wealth of Nations" was published in:

1676

1876

1776

1976

14 / 25

Ceteris paribus means:

That no other assumptions are made

All relationships are inverse

Other things equal

All variables are independent

15 / 25

Microeconomics is related to:

the whole economy

the household purchase decisions

the individual economic behavior

None of the above

16 / 25

Basic economic problem is:

Unemployment

Scarcity

Poverty

Inflation

17 / 25

In cardinal approach of consumer behavior marginal utility of money is:

decreasing

Varies with time and situation

constant

increasing

18 / 25

The author of the book "The Wealth of Nations" is:

Alfred Marshall

Adam Smith

David Ricardo

J.M Keynes

19 / 25

Which group shows the basic factors of production?

Land, Labor, Natural Resources, Capital

Land, Labor, Capital, Technology

Land, Management Skills, Capital, Technology

Land, Labor, Capital, Enterprise

20 / 25

Which of the following is considered as a factor of production?

Traders

Labor

Unskilled Labor

Land

21 / 25

A positive statement:

Cannot be tested in the real world

is always accurate

Deals with values and opinions

Concerns "What is"

22 / 25

According to cardinal approach of consumer behavior, Consumer is:

Varies person to person

Rational

None of the above

Irrational

23 / 25

Economies of scale represents the:

Constant average cost

Rising average cost

Falling average cost

Positive average cost

24 / 25

Total utility increases at ……………rate:

Decreasing

Constant

Varies with time and situation

Increasing

25 / 25

Which of these books represents the scheme of Plato’s Philosophy?

The Laws

None of these

The Politics

The Republic

Your score is

The average score is 0%

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