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

The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.

Question # 2

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

Question # 3

If demand is _______ then price cuts will ________ spending.

Question # 4

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

Question # 5

The costs of inflation are

Question # 6

Government may contribute to inflationary pressure on account of building up large.

Question # 7

In the classical model, potential output can not be increased by

Question # 8

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

Question # 9

The real value can be derived from a nominal value by

Question # 10

In an open economy leakages to imports ______ the value of the multiplier.

Question # 11

Except for taxes to offset ___ taxes are.

Question # 12

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Question # 13

A fall in investment demand can result from

Question # 14

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 15

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 16

All of the following are parts of the business cycle except.

Question # 17

An optimal tariff is one which reduces imports to the level at which ___ equals

Question # 18

The Philips curve shows the trade off between ________ and _____

Question # 19

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 20

If desired spending in the economy exceeds income we would expect.

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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 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
2 A current account deficit means that a country may.
A. Reduce its stock of foreign assets
B. Increases its stock of foreign assets
C. Increases its savings
D. Increases its foreign currency reserves.
3 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
4 If two firms doing the same thing in the same industry join together this is known as a.
A. vertical merger
B. Horizontal merger
C. Conglomerate merger
D. Hostile takeover
5 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
6 For perfect competition ot work there must be
A. Many buyers and sellers
B. A standard product
C. Free entry and exit
D. All of the above
7 In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators
A. Money supply targets
B. Income policy
C. Interest rates
D. Inflation targets
8 Leakages from the circular flow are____ and _____
A. Investment savings, government expenditure
B. Saving , taxes net of subsidies, imports
C. Consumption, investment , government expenditure.
D. Consumption, taxes, impports
9 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
10 Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.
A. Exceed
B. Fall below
C. Fluclaute around
D. Remain equal to.

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