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 AD schedule indicates that______ inflation is associated with______ output.

Question # 2

The prisoners Dilemma Game demonstrates that.

Question # 3

International specialization takes place because of.

Question # 4

International difference in opportunity costs lead to countries acquiring.

Question # 5

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

Question # 6

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 7

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

Question # 8

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Question # 9

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 10

The level of the equilibrium exchange rate offsets international difference in.

Question # 11

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

Question # 12

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 13

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

Question # 14

Perfect price discrimination means that every customer.

Question # 15

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

Question # 16

A competitive equilibrium is Pareto efficient because.

Question # 17

The opportunity cost of a student is.

Question # 18

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

Question # 19

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

Question # 20

Real business cycle are cycles in

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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 I keep some money available in case I see a bargain this is an example of.
A. Asset demand for money
B. Transactions demand for money
C. Token demand for money
D. Precautionary demand for money
2 The value of an asset depends upon
A. Its scrap value
B. Its depreciation
C. The present value of the failure stream of income it can earn.
D. the cost of loans
3 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
4 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
5 If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by
A. 20%
B. 2%
C. 12%
D. 15%
6 In the short run, the supply of capital is _______ and in the long run iwll depend on.
A. Variable technology
B. Fixed, expectations
C. Fixed, rental rate of capital
D. Variable, interest rates.
7 A competitive firm produces a level of output at which.
A. Price is greater than marginal cost
B. Price equals marginal cost
C. Price is less than marginal cost
D. None of the above
8 If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above
9 In the circular flow we would expect leakages to __________ injections.
A. equal
B. be less than
C. by greater than
D. Be less or greater than
10 The key issues of macroeconomics are
A. Unemployment
B. Inflation
C. Economic growth
D. All of the above

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