(A) Trade Surplus
(B) Trade Deficit
(C) Budget Surplus
(D) None
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
The investment demand curve shows the relationship between the levels of:
(A) Investment and Consumption
(B) Consumption and Interest Rate
(C) Investment and Interest Rate
(D) None
Per capita income is obtained by dividing National Income by:
(A) Total labor Force in the Country
(B) Unemployed Youth in the Country
(C) Total population of that country.
(D) None
Disposable Income is obtained by subtracting __taxes from personal income:
(A) Indirect Taxes
(B) Direct Taxes
(C) Subsidies
(D) None
When an industry expands its costs of production will:
(A) Increase.
(B) Decrease.
(C) stay the same.
(D) none of the above.
A Giffen good:
(A) Is a good that people buy more of as their incomes fall.
(B) Is a good which people buy more of as its price increases.
(C) Is a good on which people spend a small portion of their income.
(D) Has a vertical demand curve.
Which of the following pairs come closest to being complementary goods?
(A) Apples and oranges.
(B) Cameras and films.
(C) A free hotel room and a free meal.
(D) Cream and milk.
The optimal purchasing rule states that total utility is maximized when a consumer:
(A) Consumes as much as possible of all good.
(B) Consumes the same quantities of all goods.
(C) Completely uses up their income.
(D) Consumes to the point where the marginal utility per dollar spent on all
goods is the same.