PPSC Economics Topic 11 Assess Your Basics MCQS

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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	A person who is made redundant because of the contraction of an industry is a victim of.	A. Frictional unemployment B. Demand deficient unemployment C. Classical unemployment D. Structural unemployment
2	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
3	The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.	A. ^{Long run, short run} B. Flexible, imperfect markets C. Short term , long run D. Ong run, imperfect market.
4	The participation rate in the labour force is affected by	A. Higher real wages B. Lower fixed costs of working C. Lower non labor income D. All of the above
5	If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.	A. Inflation B. A supply shocks C. Crowding out D. Inflation illusion
6	Nominal GNP measures income	A. At the present time B. Corrected for tax changes C. Corrected for changes in interest rates D. At current prices
7	Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.	A. Keynesian polices B. Supply side policies C. Monetarist policies D. Classical policies
8	An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others	A. Worse off, worse off B. better off, better off C. better off, worse off D. equal , unequal
9	A competitive equilibrium is Pareto efficient because.	A. Producers are price takers B. Consumers and producer's face the same prices C. Marginal costs and benefits are equal D. All of the above
10	We cannot say whether one allocation of resources is better than another allocation because.	A. some people cant count B. Some people may not be permanent residents C. Not all economic activity is legal D. We cant make value judgements to compare different people welfare.

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

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

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

In an open economy leakages to imports ______ the value of the multiplier.

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

International specialization takes place because of.

The multiplier tells us how much __________ chagnes after a shift in.

The firms long run output decision will be where.

A tariff causes domestic firms to __________ and consumers to

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.

Economic growth may depend upon __________ and_________

The single European Act committed_ governments to a ___ in 1992

The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.

A production technique is technically efficient if.

Fiscal policy is weak under floating exchange rates as fiscal expansion.

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

If the MPC is 0.5 the multiplier is

The opportunity cost of a student is.

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

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

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

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Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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Economic growth may depend upon __ and_

The neoclassical theory of growth identities the steady state rate of growth as the ___ just sufficient to keep _ constant while labour grows.

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

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