PPSC Lecturer Economics Test 8 Online Preparation MCQs

Leave a Comment / By Hassan / September 17, 2020

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.

Please Click Below START Button to Take this Lecturer Economics Test Online.

Test Instructions:-
Test Name	Lecturer Economics
Subject	Economics Test 8
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 8

1 / 25

The demand for labor is the same as the:

wage

marginal cost

marginal physical product

marginal revenue product

2 / 25

The four factor payment are:

Money, capital, salaries and income

Money, power, preset age, and wealth

Wages, rent, interest and profits

Wages, interest, salaries, and income

3 / 25

The demand for labor slopes down and to the right because of:

the iron law of wages

economies of scale

the law of diminishing marginal returns

the law of demand

4 / 25

In order to practice price discrimination, which of the following is needed?

all of the above

an ability to separate the market

an ability to prevent reselling

some degree of monopoly power

5 / 25

GNP is always:

Grater then NNP

Equal to NNP

Any of a, b, c

less then NNP

6 / 25

Which of the following best defines price discrimination?

charging different prices on the basis of race

charging different prices for goods with different costs of production

selling a certain product of given quality and cost per unit at different prices to different buyers

charging different prices based on cost-of-service differences

7 / 25

The demand for labor will be more elastic if:

all of the above

there is a short time under consideration

the demand for the product is relatively inelastic

labor is a large percent of the total cost of production

there are few substitutes for labor

8 / 25

Which of the following concepts represents the extra revenue a firm receives from the services of an additional unit of a factor of production?

marginal physical product

marginal revenus product

marginal revenue2.

total revenue

9 / 25

In pure monopoly, what is the relation between the price and the marginal revenue?

the price is greater than the marginal revenue

the price is less than the marginal revenue

they are equal

there is no relation

10 / 25

Which of the following is a characteristic of pure monopoly?

close substitute products

low barriers to entry

one seller of the product

perfect information

11 / 25

We measure national income by this method:

all of the above

income method

Expenditure method

product method

12 / 25

Which of the following is true about the way by which SDG&E has been regulated by the PUC?

SDG&E has been allowed to earn very high economic profits

The profits of SDG&E are calculated as a percent of the value of the capital goods

When the demand for electricity would fall, the price of electricity would also fall

All of the above

13 / 25

If we compare GDP and GNP, then:

GNP= GDP- net income from abroad

GNP= NNP- net income from abroad

GNP= NNP+ net income from abroad

GNP= GDP+ net income from abroad

14 / 25

In price discrimination, which section of the market is charged the higher price?

the section with the most elastic demand

the section with the richest people

the section with the most inelastic demand

the section with the oldest people

15 / 25

In order to maximize profits, a monopoly company will produce that quantity at which the:

total revenue equals total cost

price equals marginal revenue

marginal revenue equals marginal cost

marginal revenue equals average total cost

16 / 25

Market value of all final goods and services produced in a country during a year is defination of:

GNP

Consumption

NNP

17 / 25

Transfer payment means:

Text payments

Payments made to all factors of production

The payment without work

Bank loans

18 / 25

Compared to the case of perfect competition, a monopolist is more likely to:

produce a lower quantity of the product

make a greater amount of economic profit

charge a higher price

all of the above

19 / 25

GNP includes:

A loan from bank

Gifts and donations

A broker’s commission

A loan from one’s parents

20 / 25

To determine the correct level of GNP, it is necessary to:

to count all imports

to add up the value of semi finished goods

to add up the values of goods and services during one year.

add up all savings

21 / 25

A TV set purchased from a retail store is an example of:

Intermediate goods

Surplus goods

Capital goods

Final goods

22 / 25

Net Investment is:

None of the above

Gross Investment minus govt.

Gross invesment minus capital consumption allowance

Gross Investment minus household Invesment

23 / 25

Which statement is true:

National expenditure= National income

National Expenditure= National income+ National production

National Expenditure= National income+ National Taxes

National Expenditure= National income- Taxes

24 / 25

Which of the following is necessary for a natural monopoly?

economies of scale

a high proportion of the total cost is the cost of capital goods

the market is very small

all of the above

25 / 25

GNP is ?

Total spending in an economy

The market values of all goods and services produced in an economy

Total sales in the economy

Total monetary transactions in an economy

Your score is

The average score is 8%

PPSC Lecturer Economics Test 8 Online Preparation MCQs

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