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

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

Question # 2

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 # 3

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

Question # 4

Real GNP measures income

Question # 5

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

Question # 6

A firm that breaks even after all economic costs are paid is earning.

Question # 7

All of the following are types of imperfect competition except

Question # 8

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

Question # 9

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

Question # 10

The opportunity cost of acquiring education is.

Question # 11

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

Question # 12

The participation rate in the labour force is affected by

Question # 13

The firms long run output decision will be where.

Question # 14

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

Question # 15

Micro economics is conceded with

Question # 16

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

Question # 17

a demand curve can shift because of changing.

Question # 18

Economics is the study of

Question # 19

In Nash equilibrium each player chooses the best strategy.

Question # 20

When the level of income _______ there will be atendency for the trade balance to improve as imports.

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 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
2 The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.
A. Sun spect theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory
3 In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.
A. 3>2>1
B. 3 +2>1
C. 3<2<1
D. Any measure can be larger or smaller than any other
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 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost
6 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
7 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.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
8 If some body is prepared to work at the going wage rate but cannot find work than they are victims of.
A. Voluntary unemployment
B. Classical unemployment
C. Frictional unemployment.
D. All of the above
9 The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____
A. capital widening, technical innovation
B. Capital widening, catch up in technology
C. Capital deepening, technical innovation
D. Capital deepening, catch up technology.
10 The impossibility of negative gross investment provides a______ to fluctuations in.
A. Celling, stock building
B. Celling, capital prices
C. floor , output
D. floor , the capital output ratio

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