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

Monetarists believe that a reduction in _____ can be achieved by reducing.

Question # 2

Aggregate demand without a foreign sector is the sum of.

Question # 3

Economic transition involves high inflation because ______ and _____

Question # 4

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Question # 5

A market can accuretaly be described as

Question # 6

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

Question # 7

If a country has a burden of debt it cannot sustain it can.

Question # 8

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

Question # 9

Perfect price discrimination means that every customer.

Question # 10

The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.

Question # 11

If both Marginal cost and marginal revenue increase, a firm.

Question # 12

On a graph a positive linear relation ship.

Question # 13

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 14

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 15

We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.

Question # 16

The equilibrium price clears the market it is the price at which.

Question # 17

Leakages from the circular flow are____ and _____

Question # 18

Market failure may arise because of.

Question # 19

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 20

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

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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 The short run Philips curve can shift in response to changes in
A. inflationary expectations
B. Unemployment
C. The inflation rate
D. Wage rates
2 For a competitive firm its short run supply curve is ________ and its long run supply curve is.
A. SMC , LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC Below SAVC, LMC below LAC
3 A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.
A. Enhances
B. Undermines
C. Encourages
D. Facilitates
4 All of the following are type of monetary policy except
A. A nominal money stock target
B. A balances budget
C. An inflation target
D. The pursuit of a target real interest rate
5 Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
A. Externality
B. Market imperfection
C. Deadweight burden
D. Free rider
6 Women and non whiles on average receive lower comes than white men because.
A. They tend to work in relatively unskilled jobs
B. Educational disadvantage
C. Firms are reluctant to invest in training
D. All of the above
7 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
8 In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.
A. Fall
B. Increases
C. Remain the same
D. Fluctuate
9 Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
A. Deficit
B. Surplus
C. Revaluation
D. Devaluation
10 The opportunity cost of a student is.
A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying.
D. What the student will earn after graduation.

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