PPSC Lecturer Economics Test 17 Online Preparation MCQs

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There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
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Test Instructions:-
Test NameLecturer Economics 
SubjectEconomics Test 17
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

PPSC Lecturer ofٗ Economics Test 17

1 / 25

Economists use the ter m marginal utility to near:

2 / 25

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

3 / 25

Which of the following statements is true:

4 / 25

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

5 / 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:

6 / 25

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

7 / 25

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

8 / 25

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

9 / 25

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

10 / 25

The main problem with marginal utility analysis is:

11 / 25

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

12 / 25

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

13 / 25

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

14 / 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:

15 / 25

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

16 / 25

Economists use the term utility to mean:

17 / 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:

18 / 25

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

19 / 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:

20 / 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:

21 / 25

Economists define an indifference curve as the set of points:

22 / 25

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

23 / 25

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

24 / 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?

25 / 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?

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