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 the balcne of payments, travel and tourism are included int he category of.

Question # 2

Skills that cna be transferred to other employers are called.

Question # 3

Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.

Question # 4

an more labor is added to a fixed amount of input the rate at which output goes up begins to decrease This is called.

Question # 5

The impact and incidence of sales tax is

Question # 6

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

Question # 7

the difference between actual and planned expenditure is equal to.

Question # 8

An important policy instrument to influence commercial banks is.

Question # 9

Expansion in money supply stems from.

Question # 10

Depreciation is.

Question # 11

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

Question # 12

Most commonly referred indicator of inflation is

Question # 13

A firm's monopolistic position is strengthened by

Question # 14

Which of the following is a stock variable.

Question # 15

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

Question # 16

Why is the law of diminishing marginal returns ture.

Question # 17

The goal of a pure market economy is to best meet the desires of

Question # 18

If the coefficient of price elasticity is less than one

Question # 19

The productivity curve

Question # 20

During the 1980's empirical evidence indicates that.

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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 If in market the seller is changing different prices for the same commodity from different consumers it is known as.
A. Price discrimination
B. efficient selling
C. Profit maxi miser in Monopoly
D. all of these
2 Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.
A. Destabilizing
B. Stabilizing
C. Inflationary
D. Deflationary
3 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.
4 Starting from a position where the nation's money demand equals the money supply and its balance of payments is it equilibrium, economic theory suggest that the nation's balance of payments would more into a surplus position if there occurred in the nation a.
A. Decrease in the money supply
B. Increase in the money supply
C. Decrease in the money demand
D. any of the above
5 International trade is based on the idea that.
A. Exports should exceed imports
B. Imports a should exceed exports
C. Resources are more mobile internationally than are goods
D. Resources are less mobile internationally than are goods.
6 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
7 Which of the following type of taxes is the most regressive.
A. Income taxes
B. Sales taxes
C. Excise taxes
D. None of these
8 Productivity can grow.
A. If capital per hour of labor increases.
B. If there are no technological advances.
C. If capital per hour of labor decreases
D. If real GDP per hour labor decrease and capital per hour of labor increases.
9 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.
10 Monopoly market is characteristics by
A. A large number of sellers
B. Only one seller
C. Thousand of seller
D. All of these

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