CSS Economics Solved Mcqs

Q.  Productivity of labour is measured by:

a. Measuring GDP
b. Production per hour
c. Production per day
d. Total working hours


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MCQs:  Which one is the assumption of law of demand?
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MCQs:  Which of the following is a demand function?
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MCQs:  Zubair has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is:
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MCQs:  Price and demand are positively correlated in case of:
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MCQs:  The elasticity of demand of durable goods is:
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MCQs:  The elasticity of demand of durable goods is:
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MCQs:  Mr. Raees Ahmad bought 50 litres of petrol when his monthly income was Rs. 25,000. Now his monthly income has risen to Rs. 50,000 and he purchases 100 litre of petrol. His income elasticity of demand for petrol is:
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MCQs:  When price elasticity of demand for normal goods is calculated, the value is always:
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MCQs:  Income elasticity of demand for normal good is always:
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MCQs:  Demand is a function of:
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MCQs:  If price and total revenue move in the same direction, then demand is:
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MCQs:  What does price elasticity of demand measure?
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MCQs:  Which one is increasing function of price:
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MCQs:  It describes the law of supply:
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MCQs:  Supply curve will shift when:
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MCQs:  An increase in demand would cause supply curve to:
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MCQs:  If price changes by 1% and supply changes by 2% then supply is:
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MCQs:  If elasticity of supply is greater than one. Supply curve will be:
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MCQs:  Supply surve:
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MCQs:  During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to:
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