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.


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 17
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100

You have 20 minutes to pass to the quiz.

PPSC Lecturer ofٗ Economics Test 17

1 / 25

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

2 / 25

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

3 / 25

The main problem with marginal utility analysis is:

4 / 25

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

5 / 25

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

6 / 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:

7 / 25

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

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

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

10 / 25

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

11 / 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?

12 / 25

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

13 / 25

Economists define an indifference curve as the set of points:

14 / 25

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

15 / 25

Economists use the ter m marginal utility to near:

16 / 25

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

17 / 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?

18 / 25

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

19 / 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:

20 / 25

Which of the following statements is true:

21 / 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:

22 / 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:

23 / 25

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

24 / 25

Economists use the term utility to mean:

25 / 25

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

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