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

Economic transition involves high inflation because ______ and _____

Question # 2

Nominal GNP measures income

Question # 3

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

Question # 4

The increase in total cost when one more units is produced is known as.

Question # 5

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Question # 6

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 7

Economic growth may depend upon __________ and_________

Question # 8

Perfect price discrimination means that every customer.

Question # 9

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

Question # 10

Efficiency wages are_______ that raise

Question # 11

Economics assumes that people consume goods and services to achieve.

Question # 12

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 13

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

Question # 14

The impossibility of negative gross investment provides a______ to fluctuations in.

Question # 15

We cannot say whether one allocation of resources is better than another allocation because.

Question # 16

Market failure may arise because of.

Question # 17

A dominant strategy is.

Question # 18

Extremality's arise because there is a divergence between ____ and _

Question # 19

The participation rate in the labour force is affected by

Question # 20

The multiplier is calculated as.

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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 business cycle is not transmitted from one country to another through.
A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labour supply changes
2 Moral Hazard means that the act of insuring __________ that the desired outcome will occur.
A. Reduces the likelihood
B. Increase the likelihood
C. Guarantees
D. None of the above
3 In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
4 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
5 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
6 A person who is made redundant because of the contraction of an industry is a victim of.
A. Frictional unemployment
B. Demand deficient unemployment
C. Classical unemployment
D. Structural unemployment
7 Skilled labour is relatively scarce because.
A. There are too few teachers
B. Too few student places in higher education
C. It is costly to acquire human capital
D. Teachers salaries are too low
8 The price elasticity of demand measures
A. The responsiveness of quantity demanded to a change in prie.
B. How far a demand curve shifts
C. A change in price
D. A change in quantity demanded
9 M4 is a _________ measures of money and includes deposits at both _____________ and
A. Narrow, banks, building societies
B. Wide, banks, insurance companies
C. narrow, banks, insurance companies
D. Wide, banks, building societies.
10 The firms long run output decision will be where.
A. Long run average cost a lowest
B. Marginal revenue equals output
C. Marginal revenue equals long run marginal cost
D. Marginal cost equals output

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