PPSC Economics Topic 11 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

Try The MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

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PPSC Economics Topic 11 Assess Your Basics

00:00
Question # 1

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 2

The single European Act committed_ governments to a ___ in 1992

Question # 3

A straight line diagram can be drawn knowing the _______ and _____

Question # 4

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 5

If my neighbor burns garden waste causing my house to fil with smoke this is an example of.

Question # 6

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

Question # 7

The Philips curve shows the trade off between ________ and _____

Question # 8

The most important source of wage differentiate are.

Question # 9

A market can accuretaly be described as

Question # 10

If a long average cost rises, output rises from left to right this is an example of.

Question # 11

The value of an asset depends upon

Question # 12

For given government spending and taxation the government budget deficit will grow in __________ and decline in _________

Question # 13

Possible causes of involuntary unemployment are

Question # 14

In Nash equilibrium each player chooses the best strategy.

Question # 15

The multiplier tells us how much __________ chagnes after a shift in.

Question # 16

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 17

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 18

Real business cycle are cycles in

Question # 19

An optimal tariff is one which reduces imports to the level at which ___ equals

Question # 20

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

Here you can prepare PPSC Economics Chapter 11 (Assess Your Basics) Test. Click the button for 100% free full practice test.

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
2 The multiplier tells us how much __________ chagnes after a shift in.
A. Consumption, income
B. Investment , output
C. Savings, investment
D. output, aggregate demand
3 Potential output can be increased by _________ or by_________
A. Increasing the use of labour, increasing the use of land
B. Increasing the use of capital, increasing the use of labour
C. Increasing the use of land, increasing the use of capital
D. Increasing the use of all inputs technical advances
4 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem
5 Monetarists believe that a reduction in _____ can be achieved by reducing.
A. Unemployment, prices
B. Inflation, wages
C. Unemployment, wages
D. Inflation, the quantity of nominal money
6 When we refer to the hidden economy we mean unrecorded income owing to.
A. Tax evasion
B. Poor statistics
C. The lags between statistical collection and publication .
D. Smuggling
7 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
8 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
9 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
10 In Nash equilibrium each player chooses the best strategy.
A. Assuming other players move first.
B. Dominated by the other players
C. Given the strategies of other players
D. That is a credible threat

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