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

Saving means

Question # 2

A stable equilibrium requires that the marginal propensity to consume is.

Question # 3

International trade forces domestic firms to become more competitive in terms of.

Question # 4

International trade during the 19th century was characterized by.

Question # 5

Monopoly market is characteristics by

Question # 6

A decrease in lump sum taxes is an examples of.

Question # 7

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 # 8

The overall Budget Deficit is financed from

Question # 9

MRSxy being 6 means

Question # 10

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

Question # 11

In oligopoly market seller are.

Question # 12

The overall Budget Deficit is financed from

Question # 13

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

Question # 14

Which of the following is a component of M1.

Question # 15

The nation, that, following currency depreciation, the balance of trade falls for a while before increasing is called a ________ effect.

Question # 16

A market is in equilibrium when

Question # 17

A firm's monopolistic position is strengthened by

Question # 18

The larger the required reserve ratio the.

Question # 19

In a "Lorenz curve diagram absolute equality in income distribution would appear as.

Question # 20

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

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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 the autarky price of S were lower in country A than in country B, then if trade were allowed.
A. A would likely exports s to B
B. A would likely import s from B
C. Neither country would want to trade
D. None of the above
2 Which of the following is most likely to benefit a debtor.
A. Un anticipated deflation
B. Anticipated deflation
C. Unanticipated inflation
D. anticipated inflation
3 The fundamental economics problem faced by all societies is
A. Un employment
B. In equality
C. Poverty
D. Scarcity
4 The law of demand states that
A. As the quantity demanded rises, the price rises
B. As the price rustiest he quantity demined rises
C. As the price rises, the quantity demanded falls
D. As supply rise, the demand rises
5 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.
6 If an economy experience an increase in productivity it means that.
A. the level of output has risen
B. Employees are working harder than before
C. Output per unit of input has risen
D. Technical change has taken place
7 In the short run an increase in the quantity of money ______ real GDP and _ the price level.
A. increases ; raises
B. does not change ; lowers
C. decreases ; raises
D. decrease ; lowers
8 All economic model ae based on
A. Realistic assumptions
B. Assumptions which can never be perfectly realistic
C. Unrealistic assumptions
D. None of the above
9 An increasingly higher marginal income tax is
A. Progressive
B. Regressive
C. Proportional
D. Both b and c
10 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

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