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

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

Question # 2

Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is

Question # 3

Your checking account is

Question # 4

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

Question # 5

If a small country imposes a tariff on an imported good its terms of trade will

Question # 6

The locus of equilibrium of consumers due to changes in price of a commodity is known as.

Question # 7

Of the following which one is a characteristic of monopolistic competition.

Question # 8

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

Question # 9

Negative taxation refers to.

Question # 10

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

Question # 11

In pure competition.

Question # 12

With no government and foreign trade sectors savings always equals.

Question # 13

In order of practice price discrimination which of the following is needed.

Question # 14

International trade is based on the idea that.

Question # 15

Which of the following is likely ot be longer for monetary policy that for fiscal policy.

Question # 16

Livestock is

Question # 17

The overall Budget Deficit is financed from

Question # 18

When unintended investment is positive

Question # 19

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

Question # 20

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

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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 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 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
3 The effect of the most favored nation clause is to
A. Eliminate at tariffs between countries.
B. Increase all tariff rates between countries
C. Maintain a nondiscriminatory structure of tariffs
D. Marlein a discriminatory structure of tariffs.
4 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
5 The agricultural price support program is an example of.
A. A price celling
B. A price floor
C. Equilibrium pricing
D. None of these
6 Comparative 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
7 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
8 Which of the following IS a function of money.
A. Medium of exchange
B. Store of value
C. Unit of accounting
D. All of the above
9 A market is in equilibrium when
A. Ac = P
B. MC = MR
C. AC =AR
D. TC =TR
10 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.

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