PPSC Economics Topic 10 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 10 Public Finance

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PPSC Economics Topic 10 Public Finance

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Question # 1

If the autarky price of S were lower in country A than in country B, then if trade were allowed.

Question # 2

Monopoly market is characteristics by

Question # 3

The form of intonational price discrimination normally associated with economic recession or excess inventions in the exporting nation is known as.

Question # 4

A straight line downward sloping demand curve implies that as price falls the elasticity of demand.

Question # 5

In the home country government grants a subsidy of a domestically produced good domestic producers tend to.

Question # 6

If there is a prices celling, which of the following is NOT likely to occur.

Question # 7

The law of demand states that

Question # 8

The funds used for further investment in joint stock company refers to.

Question # 9

In the circular flow diagram firms.

Question # 10

Depreciation is.

Question # 11

The central economic problem in an economy refers to.

Question # 12

There is positive relationship between multiplier and.

Question # 13

Which of the following products will have an elastic demand.

Question # 14

Skills that cna be transferred to other employers are called.

Question # 15

Quotas are government imposed limits on the ________ of goods trade between countries.

Question # 16

Which of the following strategies have developing countries not used to deal with the problem of unstable expert markets.

Question # 17

With no government and foreign trade sectors savings always equals.

Question # 18

If the Federal Reserve wishes to increase the money supply it should.

Question # 19

All economic model ae based on

Question # 20

In the classical model of Ricardo the direction of trade is delemined by.

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Economics
10th Chapter

PPSC Economics Chapter 10 Test

Here you can prepare PPSC Economics Chapter 10 (Most Frequently Asked Economics MCQS) Test. Click the button for 100% free full practice test.

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PPSC Chapter 10 Important MCQ's

Sr.# Question Answer
1 International trade during the 19th century was characterized by.
A. Extensive barriers to trade
B. Operation of the gold standard
C. A small volume of international trade
D. None of these
2 The arrangement were goods imported from trading partners in the developing world are subject to lower tariff rates than good from other countries is referred to as.
A. Normal trade relation status.
B. Most favored nation status
C. Generalized system of Preferences.
D. Offshore assembly provisions
3 Through the world government tend o auction quota license to their highest bidder.
A. Always
B. Often
C. Seldom
D. Never
4 The fundamental economics problem faced by all societies is
A. Un employment
B. In equality
C. Poverty
D. Scarcity
5 Which trade theory contents that a country that initially develops and exports a new product may eventually become an importer of if ,a nd may no longer manufacture the product.
A. Theory of factor endowments
B. Theory of overlapping demands
C. Economies of scale theory
D. Product life cycle theory.
6 If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.
A. 2.0%
B. 3.65
C. 4.0%
D. 6.0%
7 Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called
A. deferential actions
B. Cash transactions,
C. Arbitrage
D. Forward transactions
8 Import substitution is an example of.
A. The principle of comparative advantage
B. The principle of absolute advantage
C. An outward looking growth strategy
D. An inward looking growth strategy
9 A stable equilibrium requires that the marginal propensity to consume is.
A. Less than zero
B. Zero
C. One
D. None of these
10 In autarky when a community maximizes its standard of living its production points is.
A. Below the production possibility frontier
B. On the production possibility frontier
C. Above the production possibility frontier
D. Can't tell without more information.

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