PPSC Lecturer Economics Test 17 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 NameLecturer Economics 
SubjectEconomics Test 17
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
0%

You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.


PPSC Lecturer ofٗ Economics Test 17

1 / 25

The equation for Rida’s demand curve for bouquets of flowers is P = 40 - 2Q. If the price of a bouquet is Rs18, her consumer surplus will be:

2 / 25

A utility-maximizing consumer changes her spe1 ding on goods X and Y until:

3 / 25

The limits imposed on household choices by income, wealth, and product prices are captured by the:

4 / 25

If the income and substitution effects of a price increase work in the same direction the good whose price has changed is a:

5 / 25

When firms advertise their pr^di ct, they are trying to:

6 / 25

If total revenue rises by 10% when price increases by 5%, this means:

7 / 25

Economists use the ter m marginal utility to near:

8 / 25

The curve that is traced out when we keep indifference curves constant and swivel the budget line at the Y-intercept to reflect a change the price of good X, is:

9 / 25

Economists use the term utility to mean:

10 / 25

The MUx/MUy ratio is 10 and the Px/Py ratio is 8, so the consumer should buy:

11 / 25

A consumer will buy more units of a good if the value of the good’s:

12 / 25

If a 5% increase in price causes no change in total revenue, this means:

13 / 25

“The government of a lower income country, K, is worried that rising domestic prices will lead to higher imports and therefore cause balance of payments problems.” This most closely illustrates which elasticity concept:

14 / 25

The diamond-water paradox can be explained by suggesting that the pri ce of a product is determined by:

15 / 25

The main problem with marginal utility analysis is:

16 / 25

Income elasticity of demand is the % change i i quantity demanded divided by the % change in income. Which type of goods have negative income elasticity of demand?

17 / 25

Each type of elasticity has its own set of determinants. You are given four determinants below. Match them with the three types of elasticity given:

18 / 25

Which of the following statements is true:

19 / 25

Economists define an indifference curve as the set of points:

20 / 25

The burden (incidence) of a tax will fall mainly on the producers if:

21 / 25

If the quantity demanded of beef increases by 5% when the price of chicken increases by 20%, the cross-price elasticity of demand between beef and chicken is:

22 / 25

Which of the following is a property of an indifference curve?

23 / 25

The concept of diminishing marginal utility of income (DMUy) helps explain:

24 / 25

Economists have used the idea of diminishing marginal utility to explain why:

25 / 25

Waris has Rs5000 a week to spend on units of food and clothing. The unit price of food is Rs100 and the unit price of clothing is Rs250. Which of the following pairs of food and clothing are in the Waris's choice set?

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