PPSC Economics Topic 11 MCQS Test Preparation

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

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PPSC Economics Topic 11 Assess Your Basics

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Question # 1

Market some times fall to exist because of.

Question # 2

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

Question # 3

Bank create money by

Question # 4

a demand curve can shift because of changing.

Question # 5

Comparing a monopoly and a competitive firm the monopolist will.

Question # 6

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 7

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 8

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 9

In the economy when a steel producer sells steel to car producer it is regarded as.

Question # 10

If the government increase spending and raises taxes by just enough to finance the increase it will.

Question # 11

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 # 12

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

Question # 13

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 14

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 15

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

Question # 16

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Question # 17

The AD schedule indicates that______ inflation is associated with______ output.

Question # 18

In the EMU a country's competitiveness can change because of.

Question # 19

Floating exchange rates are __ in the short run

Question # 20

The equilibrium inflation rate is determine by the intersection of __________ and ___

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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 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
2 If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.
A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale
3 The key issues of macroeconomics are
A. Unemployment
B. Inflation
C. Economic growth
D. All of the above
4 The Philips curve shows the trade off between ________ and _____
A. The inflation rate, interest rates
B. The inflation rate, the unemployment rate
C. interest rates, output
D. Output, employment
5 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
6 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
7 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
8 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
9 A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above
10 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports

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