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

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Question # 1

All of the following represent obstacles to LDC development except.

Question # 2

If I keep some money available in case I see a bargain this is an example of.

Question # 3

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

Question # 4

In the neoclassical theory of growth a higher saving rate leads to.

Question # 5

The value of an asset depends upon

Question # 6

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 7

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

Question # 8

If both Marginal cost and marginal revenue increase, a firm.

Question # 9

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Question # 10

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Question # 11

The costs of inflation are

Question # 12

In Nash equilibrium each player chooses the best strategy.

Question # 13

Economics assumes that people consume goods and services to achieve.

Question # 14

Floating exchange rates are __ in the short run

Question # 15

LDC's often have a comparative advantage in the production of.

Question # 16

Leakages from the circular flow are____ and _____

Question # 17

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.

Question # 18

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

Question # 19

Nominal GNP measures income

Question # 20

All of the following are benefits of the single market except.

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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 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits
2 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
3 The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.
A. Prices, wages, output and employment.
B. Output, prices, employment
C. Nominal money, the price level output and employment.
D. Nominal money output prices
4 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
5 import substitution is the replacement of ________ by domestic production under the protection of.
A. exports, subsidies
B. Exports, patents
C. imports, high tariffs or import quotes
D. Imports, subsidies
6 Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.
A. Imperfect labour markets
B. Rational expectations
C. Intertemporal decisions of households firms and government.
D. Sun spot cycles
7 By restricting labour supply a trade union can _________ and_______
A. Increase the wage, increase employment
B. Maintain the wage, increase employment
C. Increase the wage lower employment
D. Maintain the wage, lower employment
8 The main cause of different relative costs between countries are.
A. Relative factors competition
B. Relative factor mobility
C. Relative factor substitution
D. Relative factor endowments
9 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
10 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%

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