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

A supply curve is directly affected by

Question # 2

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 3

Government may contribute to inflationary pressure on account of building up large.

Question # 4

A natural monopoly has a declining ________ over a large range of output.

Question # 5

Output fell sharply in the transition economies because.

Question # 6

Floating exchange rates are __ in the short run

Question # 7

If desired spending in the economy exceeds income we would expect.

Question # 8

Economics assumes that people consume goods and services to achieve.

Question # 9

Skilled labour is relatively scarce because.

Question # 10

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

Question # 11

A fall in investment demand can result from

Question # 12

The level of the equilibrium exchange rate offsets international difference in.

Question # 13

The opportunity cost of a good is.

Question # 14

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

Question # 15

The AD schedule indicates that______ inflation is associated with______ output.

Question # 16

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

Question # 17

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

Question # 18

Market some times fall to exist because of.

Question # 19

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 # 20

International difference in opportunity costs lead to countries acquiring.

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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 Possible causes of involuntary unemployment are
A. Minimum wage agreements
B. Trade unions
C. Scale economies
D. All of the abvoe
2 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits
3 The opportunity cost of acquiring education is.
A. Course fees
B. Course fees and living expenses
C. The earning foregone
D. Course fees, living expenses and textbooks
4 The business cycle describes fluctuations in output around the.
A. Trend path of output
B. Boom
C. Recession
D. Short run fluctuations in output
5 In a free market
A. Government intervene
B. Government plan production
C. Government interfere
D. Price adjust to reconcile scarcity and desires.
6 Normative economics form ______ based on.
A. Positive statements facts
B. Opinions, personal values
C. Positive statements values
D. Opinions facts
7 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
8 Moral Hazard means that the act of insuring __________ that the desired outcome will occur.
A. Reduces the likelihood
B. Increase the likelihood
C. Guarantees
D. None of the above
9 If a long average cost rises, output rises from left to right this is an example of.
A. Increasing returns to scale
B. Decreasing returns to scale.
C. Constant returns to scale
D. the minimum efficient scale
10 Leakages from the circular flow are____ and _____
A. Investment savings, government expenditure
B. Saving , taxes net of subsidies, imports
C. Consumption, investment , government expenditure.
D. Consumption, taxes, impports

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