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

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a

Question # 2

During the 1980's empirical evidence indicates that.

Question # 3

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

Question # 4

In the circular flow diagram firms.

Question # 5

If tastes are identical between countries than comparative advantage is determined by

Question # 6

Monopoly market is characteristics by

Question # 7

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

Question # 8

The monetary base is composed of.

Question # 9

An indifference curve gives

Question # 10

In the short run an increase in the quantity of money ______ real GDP and _ the price level.

Question # 11

Absolute advantage is determined by.,

Question # 12

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

Question # 13

If a country has linear production possibilities frontier than production is said to be subject to.

Question # 14

Which of the following IS a function of money.

Question # 15

Unemployment Rate is a percentage relation with reference is.

Question # 16

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

Question # 17

a nation with a current account deficit will be

Question # 18

The overall Budget Deficit is financed from

Question # 19

Through the world government tend o auction quota license to their highest bidder.

Question # 20

According the Keynes when the great depression started , the government should have.

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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 asset market approach a more helpful in explaning.
A. why excahnge rates remain quite stable
B. Why governments change their money supplies.
C. Long term exchange rate movement.
D. Short term exchange rate movement.
2 MRSxy being 6 means
A. Consumer is willing to give up 6 units of x for one of y
B. Preference for y is 6 times that of x
C. Both of the above
D. None of these
3 In order of practice price discrimination which of the following is needed.
A. Some degree of monopoly power
B. An ability to separate the market
C. An ability to prevent reselling
D. All of the above
4 If a country has linear production possibilities frontier than production is said to be subject to.
A. constant opportunity costs
B. Decreasing opportunity costs
C. First increasing and the decreasing opportunity costs
D. Increasing opportunity costs.
5 Livestock is
A. An independent sector
B. Sub -sector of agriculture
C. Should be a part of Agriculture
D. Would become a part of Agriculture
6 An important policy instrument to influence commercial banks is.
A. Open market operations
B. Changing reserve ratios of commercial banks
C. Moral persuasion
D. None of the above
7 Your checking account is
A. An asset for you and a liability for your bank
B. A liability for you and an asset for your bank
C. An asset for both you and your bank
D. A liability for both you and your bank
8 Of the following which one is a characteristic of monopolistic competition.
A. Standardized product
B. Comparatively easy only
C. Little non price competition
D. None of these
9 If the Federal Reserve wishes to increase the money supply it should.
A. Raise the reserve requirement
B. Raise the discount rate
C. Buy Treasury securities in the open market
D. All of the above
10 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

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