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PPSC Economics Topic 10 Public Finance
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Total Questions20
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Time Allowed20
PPSC Economics Topic 10 Public Finance
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Question # 1
Which of the following the most elastic demand the extra revenue a firm receives from the services of an additional unit of a factor of production.
Question # 2
Which of the following NOT a source of economic growth.
Question # 3
When unintended investment is positive
Question # 4
If the autarky price of S were lower in country A than in country B, then if trade were allowed.
Question # 5
In the classical model of Ricardo the direction of trade is delemined by.
Question # 6
Of the following which one is a characteristic of monopolistic competition.
Question # 7
Which of the following products will have an elastic demand.
Question # 8
If the Federal Reserve wishes to increase the money supply it should.
Question # 9
Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costa are called
Question # 10
The% change in quantity demanded due to % change in incomes.
Question # 11
The Hocksher Ohlin model rules out the classical model's basis for trade by assuming that. _______ is identical between countries.
Question # 12
A tax 15 percent per imported item would be an example of a
Question # 13
Import substitution is an example of.
Question # 14
The theory of ___________ suggests that government can assist domestic competitors.
Question # 15
a nation with a current account deficit will be
Question # 16
Disposable income is.
Question # 17
During the 1980's empirical evidence indicates that.
Question # 18
A pure number by which change in investment is multiplied to change in income is called
Question # 19
_________ are quotas that lead to a complete abolishment of trade.
Question # 20
In a pure market economy which of the following is a function of the price.
In a pure market economy which of the following is a function of the price.i - provide information to sellers and buyersii- Provide incentives to sellers and buyers
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