Category: Economics MCQs FPSC NTS PPSC Past Papers Economy Test Questions

(A) final goods
(B) capital
(C) investment
(D) resources

The answer is: (B) capital

(A) GDP
(B) GNP
(C) Gini
(D) HDI

The answer is: (C) Gini

(A) opportunity cost
(B) purchasing power parity
(C) disposable income
(D) consumer price index

The answer is: (A) opportunity cost

(A) quality of goods
(B) quantity of goods
(C) level of income
(D) price of goods

The answer is: (D) price of goods

(A) consumption
(B) production
(C) saving
(D) inflation

The answer is: (B) production

(A) Land
(B) Labour
(C) Capital
(D) All of these can be converted into commodity

The answer is: (B) Labour

(A) Specialization
(B) Division of Labor
(C) Financial Markets
(D) All of the above

The answer is: (D) All of the above

(A) perfect competition
(B) imperfect competition
(C) no competition
(D) none of these

The answer is: (A) perfect competition

(A) Monopolies
(B) Externalities
(C) Public goods
(D) All of the above

The answer is: (D) All of the above

(A) the post hoc fallacy
(B) failure to hold other things constant
(C) the fallacy of composition
(D) normative fallacy

The answer is: (A) the post hoc fallacy