PPSC Economics Topic 11 Assess Your Basics MCQS

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Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	LDC's often have a comparative advantage in the production of.	A. Primary products B. Intermediate products C. Manufactured products D. Financial services.
2	An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.	A. Reduce , reduce B. Reduce , increase C. Increased, increased D. Increases, reduces
3	Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and	A. Marginal costs, marginal benefits B. Demand, supply C. Marginal cost, marginal revenue D. Marginal cost, average cost
4	An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others	A. Worse off, worse off B. better off, better off C. better off, worse off D. equal , unequal
5	Economics is the study of	A. Production technology B. Consumption decisions C. How society decides what how and for whom to produce D. The best way to run society
6	A tariff causes domestic firms to __________ and consumers to	A. Overproduced, under consume B. overproduce , overconsume C. Underproduce, under consume D. underproduce, overconsume
7	Extremality's arise because there is a divergence between ____ and _	A. Private costs, private benefits B. Private costs, social costs of benefits C. Social cost, social benefit D. Insiders, outsiders
8	A competitive firm produces a level of output at which.	A. Price is greater than marginal cost B. Price equals marginal cost C. Price is less than marginal cost D. None of the above
9	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
10	In an open economy leakages to imports ______ the value of the multiplier.	A. Reduce B. Increase C. do not change D. None of these

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PPSC Economics Topic 11 MCQS Test Preparation

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

PPSC Economics Topic 11 Assess Your Basics

A competitive firm produces a level of output at which.

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

The retail price index is used to.

Adding up the quantities demanded of a good by different people facing the same price gives us the.

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

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

In a competitive industry each buyer and seller.

Aggregate demand without a foreign sector is the sum of.

A competitive equilibrium is Pareto efficient because.

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

The short run Philips curve can shift in response to changes in

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

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

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

All of the following represent obstacles to LDC development except.

Women and non whiles on average receive lower comes than white men because.

Top footballers land to earn more than lecturers because.

GDP per head may be an imperfect measure of economic welfare because it excludes.

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Market failure may arise because of.

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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Set 5

Set 6

Set 7

Set 8

Set 9

Set 10

Set 11

Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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For given government spending and taxation the government budget deficit will grow in __ and decline in _