(A) Microeconomics
(B) Macroeconomics
(C) Public Economics
(D) None of these
Answer: Microeconomics
Welfare economics is a branch of economics that uses the techniques of microeconomics to evaluate welfare at the aggregate level.
Category: FPSC Economics Lecturer Test Past Papers
FPSC Economics Lecturer (BS-17) Test Past Papers Solved MCQs Questions with Answers.
In Germany the hyper inflation occurred in:
(A) 1919 – 1920
(B) 1922 – 1923
(C) 1926 – 1927
(D) None of these
Answer: (B) 1922 – 1923
In Germany the hyper inflation occurred between 1922 – 1923 after the world war 1.
The concept of elasticity of demand was introduced by:
(A) Louis Paul
(B) Jan Tinbergen
(C) Alfred Marshall
(D) None of these
Answer: (C) Alfred Marshall
Alfred Marshall invented elasticity of demand in principles of economics published in 1890.
The founder of Econometrics is:
(A) Jan Tinbergen
(B) Louis Paul
(C) Alfred Marshall
(D) None of these
Answer: (A) Jan Tinbergen
Econometrics is a branch of Economics. Jan Tinbergen is the founding father of Econometrics.
Which one is the largest source of federal revenue?
(A) Sales Tax
(B) Excise Duty Tax
(C) Income Tax
(D) None of these
Answer: (C) Income Tax
The largest source of federal revenue is Income Tax.