(A) Cost of international trade has increased
(B) Cost of international trade has decreased
(C) Lesser goods can be purchased from the International market
(D) None of these
Answer: (B) Cost of international trade has decreased
Category: PPSC Economics Lecturer Test Past Papers
PPSC Economics Lecturer (BS-17) Test Past Papers Solved MCQs Questions with Answers.
Government spending is fully funded by tax revenue, this type of fiscal policy is called:
(A) Expansionary
(B) Contractionary
(C) Neutral
(D) None of above
Answer: (C) Neutral
_________ is called an economic system of self-sufficiency and limited trade.
(A) Mixed economic system
(B) Command economic system
(C) Autarky
(D) None of these
Answer: (C) Autarky
Micro Economics is also known as:
(A) Expenditure Theory
(B) Price Theory
(C) Income Theory
(D) All of above
Answer: (B) Price Theory
Micro Economics is also known as price theory.
Government taxing and spending policy is called:
(A) Fiscal policy
(B) Budget
(C) Monetary policy
(D) Finance policy
Answer: (A) Fiscal policy
Government taxing and spending policy is called fiscal policy.