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

The multiplier accelerator model assumes _______ depends on.

Question # 2

The short run Philips curve can shift in response to changes in

Question # 3

Efficiency wages are_______ that raise

Question # 4

The prisoners Dilemma Game demonstrates that.

Question # 5

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 6

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Question # 7

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

Question # 8

Human capital can be described as.

Question # 9

Market some times fall to exist because of.

Question # 10

A competitive firm produces a level of output at which.

Question # 11

The key issues of macroeconomics are

Question # 12

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

Question # 13

The total multiplier for the economy will reflect.

Question # 14

A production technique is technically efficient if.

Question # 15

In the circular flow we would expect leakages to __________ injections.

Question # 16

The business cycle is not transmitted from one country to another through.

Question # 17

On a graph a positive linear relation ship.

Question # 18

A competitive equilibrium is Pareto efficient because.

Question # 19

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 20

If two firms doing the same thing in the same industry join together this is known as a.

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 All of the following are benefits of the single market except.
A. It allows countries to exploit their comparative advantage, more fully
B. Firms could more readily exploit economies of scale
C. It intensified competition
D. It is easier book holidays in member countries.
2 A rise in the real exchange rate will __ the competitiveness of the domestic economy.
A. Increase
B. reduce
C. do nothing do
D. all of these
3 In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage
4 Economics is the study of
A. Production technology
B. Consumption decisions
C. How society decides what how and for whom to produce
D. The best way to run society
5 Potential output can be increased by _________ or by_________
A. Increasing the use of labour, increasing the use of land
B. Increasing the use of capital, increasing the use of labour
C. Increasing the use of land, increasing the use of capital
D. Increasing the use of all inputs technical advances
6 If my neighbor burns garden waste causing my house to fil with smoke this is an example of.
A. A production extremality
B. A second best solution
C. Transaction costs
D. A consumption externality
7 Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
8 Macro economics is the study of.
A. Individual building blocks in the economy
B. The relationship between different sectors of the economy
C. Household purchased decisions
D. The economy as a whole
9 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.
A. a nonlinear relationship
B. A positive linear relationship
C. A scatter diagram
D. A negative linear relationship
10 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize

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