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

If a long average cost rises, output rises from left to right this is an example of.

Question # 2

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Question # 3

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

Question # 4

Land will be allocated between competing uses so that.

Question # 5

A competitive firms demand curve is.

Question # 6

A fall in investment demand can result from

Question # 7

In the UK in recent years, union membership has ______ and days of work lost because of strikes has.

Question # 8

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

Question # 9

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

Question # 10

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

Question # 11

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

Question # 12

Possible causes of involuntary unemployment are

Question # 13

If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.

Question # 14

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

Question # 15

Except for taxes to offset ___ taxes are.

Question # 16

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

Question # 17

Marginal revenue is the ________ when output is.

Question # 18

Women and non whiles on average receive lower comes than white men because.

Question # 19

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

Question # 20

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

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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 neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.
A. Saving investment
B. Capital per person productivity
C. Labour growth , output
D. Investment capital per person
2 Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.
A. aggregate supply is
B. aggregate demand is
C. Potential output is
D. Real variables are
3 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
4 In the neoclassical theory of growth a higher saving rate leads to.
A. A higher growth rate
B. A fluctuating growth rate
C. A lower growth rate
D. No change in the growth rate
5 The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.
A. Sun spect theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory
6 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
7 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
8 Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.
A. Substitutes, interior
B. Normal, complements
C. Substitutes, complements
D. Normal , interior
9 In a competitive industry each buyer and seller.
A. Is a price taker
B. Produce different products
C. Believes that can influence price
D. Prevents the entry of competitors
10 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.

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