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

According to the crowding out effect, a there is a government deficit, the real interest rate will.__________ and investment will_________

Question # 2

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

Question # 3

Indirect taxes are

Question # 4

An important policy instrument to influence commercial banks is.

Question # 5

Accordant the wealth effect , an increase i the price level _______ real wealth and ____ consumption expenditure.

Question # 6

A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.

Question # 7

A market is in equilibrium when

Question # 8

A_______ is an example of a quota where foreigners hold quota licenses.

Question # 9

The earliest statement of the principle of comparative advantage is associated with.

Question # 10

A straight line downward sloping demand curve implies that as price falls the elasticity of demand.

Question # 11

Which of the followings is NOT component of M-2

Question # 12

With no government and foreign trade sectors savings always equals.

Question # 13

If the coefficient of income elasticity is negative.

Question # 14

If the Federal Reserve wishes to increase the money supply it should.

Question # 15

The effect of the most favored nation clause is to

Question # 16

A tariff can________ raise a country's welfare.

Question # 17

Industrial polices intended to foster comparative advantage for domestic industries could result in the implementation of.

Question # 18

In the cost of slugger rises and slugger is major ingredient in jelly beans then the jelly bean.

Question # 19

A tax of 20 cents per unit of imported cheese would be an example of a

Question # 20

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

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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 there is a price celling, there will be.
A. Shortages
B. surpluses
C. Equilibrium
D. None of these
2 If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.
A. 2.0%
B. 3.65
C. 4.0%
D. 6.0%
3 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
4 Import substitution is an example of.
A. The principle of comparative advantage
B. The principle of absolute advantage
C. An outward looking growth strategy
D. An inward looking growth strategy
5 Why is the law of diminishing marginal returns ture.
A. Specialization and division of labor
B. Spreading the average fixed cost
C. Limited capital
D. All factors being variable in the long run
6 In a "Lorenz curve diagram absolute equality in income distribution would appear as.
A. A curved line well bowed out from the diagonal
B. A curved line close to the diagonal
C. A right angled line
D. A diagonal line
7 If a small country imposes a tariff on an imported good its terms of trade will
A. Improve
B. Worsen
C. Not change
D. any of the above
8 The bowed shape of the production possibilities curve illustrates
A. The law of increasing marginal cost
B. the production is inefficient
C. the production in unattainable
D. The demand is relatively inelastic
9 The term of trade is given by the process.
A. Paid for all goods exported by the home country
B. Received for all goods exported by the home country
C. Received for exports and paid for imports.
D. Of primary product as opposed to manufactured products.
10 Skills that cna be transferred to other employers are called.
A. General skills
B. Specific skills
C. Non pecuniary skills
D. All of the above

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