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

Real GNP measures income

Question # 2

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 3

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 4

Monetarists believe that a reduction in _____ can be achieved by reducing.

Question # 5

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

Question # 6

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 7

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

Question # 8

The most important source of wage differentiate are.

Question # 9

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

Question # 10

If the MPC is 0.5 the multiplier is

Question # 11

The opportunity cost of a student is.

Question # 12

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

Question # 13

Except for taxes to offset ___ taxes are.

Question # 14

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

Question # 15

The imposition of a tariff causes consumption to _______ and imports to.

Question # 16

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

Question # 17

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Question # 18

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

Question # 19

The total multiplier for the economy will reflect.

Question # 20

Higher export demand _______ output and a higher MPZ______ output..

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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 The business cycle is not transmitted from one country to another through.
A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labour supply changes
2 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above
3 In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
4 On a graph a positive linear relation ship.
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Modes down to the left
5 When the level of income _______ there will be atendency for the trade balance to improve as imports.
A. Increases, increase
B. falls, fall
C. Increase, fall
D. fall , increase
6 M4 is a _________ measures of money and includes deposits at both _____________ and
A. Narrow, banks, building societies
B. Wide, banks, insurance companies
C. narrow, banks, insurance companies
D. Wide, banks, building societies.
7 Economic growth may depend upon __________ and_________
A.
Population size , x -efficiency
B. Population age distribution, education
C. Population growth, education
D. Population growth, technical progress
8 The key issues of macroeconomics are
A. Unemployment
B. Inflation
C. Economic growth
D. All of the above
9 If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.
A. Rise
B. fall
C. not changes
D. fluctuate
10 Real GNP is a crude measure of national welfare because it excludes.
A. Consumption
B. Investment
C. Export's
D. work in the home

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