PPSC Economics Topic 10 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 10 Most Frequently Asked Economics MCQS

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PPSC Economics Topic 10 Most Frequently Asked Economics MCQS

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Question # 1

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

Question # 2

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

Question # 3

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

Question # 4

A change in the full employment quantity of labor_________ the short run aggregate supply curve and ______ the long run aggregate supply curve.

Question # 5

Saving means

Question # 6

A market is in equilibrium when

Question # 7

Your checking account is

Question # 8

Indifference curves shows various combinations of.

Question # 9

The central bank of a country plays a significant role in her macroeconomics performance by regulating the.

Question # 10

In autarky when a community maximizes its standard of living its production points is.

Question # 11

A decrease in lump sum taxes is an examples of.

Question # 12

In order to maximize profits a monopoly company will produce that quantity at which the

Question # 13

the theory of overlapping demands predicts that trade in manufactured goods is unimportant by countries with very different .

Question # 14

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

Question # 15

Guid up of foreign exchange reserves leads to.

Question # 16

All economic model ae based on

Question # 17

The% change in quantity demanded due to % change in incomes.

Question # 18

The supply of foreign currency tends to be

Question # 19

International trade in goods and services is sometimes used as a substitute for all of the following except.

Question # 20

Livestock is

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Economics
10th Chapter

PPSC Economics Chapter 10 Test

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Sr.# Question Answer
1 The overall Budget Deficit is financed from
A. External borrowing
B. Non bank borrowing domestically
C. Bank borrowing plus the above two at a and b
D. None of the above
2 "Treating an individual as typical of a group.
A. Pure discrimination
B. statistical discrimination
C. Human capital
D. Specific skills
3 A purely monetary explanation of the business cycle is proposed by
A. Hawtrey
B. Schumpeter
C. Hansen
D. None of these
4 In a market system, sellers act in ___________ interest, but thsi leads to behaviors in __________ interest.
A. Self, self
B. Self, society's
C. Society's' , society's
D. society's, self
5 Equilibrium price is a price at which
A. Quantity demanded is equal to quantity suppled
B. Quantity demanded minus quantity supplied is zero
C. quantity demanded = quantity supplied
D. All of these
6 Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.
A. Increase, Increases.
B. Increases ; decreases
C. decreases ; increases
D. decreases ; decreases
7 Non tariff trade barriers could include all of the following except
A. Domestic content laws
B. Government procurement policies.
C. Health , safety and environmental standards
D. Autidumpiing /countervailing duties applied to imports
8 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.
9 An Engel curve is based on which one of the following assumptions.
A. Constant prices, very incomes
B. Constant price, constant income
C. Constant incomes, varying prices
D. None of these
10 The form of dumping that represents the greatest potential net welfare loss the for importing nation is.
A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping

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