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

In pure competition.

Question # 2

Those who argue in favor of import protection generally give the impression that such restricted trade will

Question # 3

Which of the following type of taxes is the most regressive.

Question # 4

If there is a price floor there will be

Question # 5

The exogenous variable in the income equation C +!+G = y is

Question # 6

Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.

Question # 7

If the % change in quantity demanded is more than % change in price coefficient of price elasticity is.

Question # 8

In a pure market economy which of the following is a function of the price.
i - provide information to sellers and buyers
ii- Provide incentives to sellers and buyers

Question # 9

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

Question # 10

A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.

Question # 11

All economic model ae based on

Question # 12

The overall Budget Deficit is financed from

Question # 13

Compared to the case of perfect competition.

Question # 14

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

Question # 15

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Question # 16

International trade during the 19th century was characterized by.

Question # 17

Most commonly referred indicator of inflation is

Question # 18

If a country an imposes an import tariff its welfare can improve if

Question # 19

The central economic problem in an economy refers to.

Question # 20

If tastes are identical between countries than comparative advantage is determined 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 Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 A tax 15 percent per imported item would be an example of a
A. Ad valorem tariff
B. specific tariff
C. Effective tariff
D. Compound tariff
2 The relation ship between the exchange rate and the prices of tradable goods is known as the.
A. Purchasing power parity theory
B. Asset markets theory
C. Monetary theory
D. Balance of payments theory
3 the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .
A. Tastes and preferences.
B. Expectations of future interest rate levels
C. Per capita income levels
D. Labor productivities.
4 Quotas are government imposed limits on the ________ of goods trade between countries.
A. Prices
B. Quantity
C. Revenue
D. Costs
5 Which of the followings is NOT component of M-2
A. Small time deposits
B. Money market mutual funds
C. Stocks
D. Checkable deposits
6 an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.
A. Diminishing marginal utility
B. Diminishing marginal productivity
C. Diminishing marginal costs
D. Diminishing marginal profit
7 A supply schedule shows the relations between the quantity supplied of a commodity over a given time and.
A. Factor prices
B. Technology
C. Both a and b
D. The price of the commodity
8 The goal of a pure market economy is to best meet the desires of
A. Consumers
B. Companies
C. Workers
D. The government
9 Absolute advantage is determined by.,
A. Actual difference in labor productivity between countries.
B. Relative difference in labor productivity between countries.
C. Both a and b
D. neither a and b
10 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.

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