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

import substitution is the replacement of ________ by domestic production under the protection of.

Question # 2

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 3

The primary function of a bank is to.

Question # 4

If a price increase of good A increases the quantity demanded of good B, then good B is a.

Question # 5

Top footballers land to earn more than lecturers because.

Question # 6

By restricting labour supply a trade union can _________ and_______

Question # 7

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

Question # 8

Potential output can be increased by _________ or by_________

Question # 9

The opportunity cost of a student is.

Question # 10

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 11

Skilled labour is relatively scarce because.

Question # 12

Output fell sharply in the transition economies because.

Question # 13

All of the following are type of monetary policy except

Question # 14

When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.

Question # 15

The most important source of wage differentiate are.

Question # 16

The extra utility from consuming one more unit of a good is called.

Question # 17

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

Question # 18

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

Question # 19

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

Question # 20

The main cause of different relative costs between countries are.

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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 Fiscal policy is weak under floating exchange rates as fiscal expansion.
A. Crowds out imports
B. Crowds out public consumption
C. Crowds out exports
D. Reduces the budget deficit
2 The equilibrium inflation rate is determine by the intersection of __________ and ___
A. demand, supply
B. IS , LM
C. AD, AS
D. Labour demand, labour supply
3 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
4 Perfect price discrimination means that every customer.
A. Buys the same amount
B. Pays the same price
C. Pays what she thinks the product is worth
D. Contributes the same revenue.
5 The equilibrium price clears the market it is the price at which.
A. Everything is sold
B. Buyers spend all their money
C. Excess demand is zero
D. c and d
6 Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
7 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
8 At the intersection of AD and AS equilibrium is achieved in.
A. The goods market
B. The money market
C. The labour market
D. All of the above
9 The prisoners Dilemma Game demonstrates that.
A. Players are better off to act independently
B. Monopoly is better than competition
C. People will always cheat
D. Players are better off if they con operate
10 When the level of income _______ there will be atendency for the trade balance to improve as imports.
A. Increases, increase
B. falls, fall
C. Increase, fall
D. fall , increase

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