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

Question # 2

A competitive firm produces a level of output at which.

Question # 3

Micro economics is conceded with

Question # 4

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 5

If a price increase of good A increases the quantity demanded of good B, then good B is a.

Question # 6

Market some times fall to exist because of.

Question # 7

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

Question # 8

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

Question # 9

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Question # 10

The increase in total cost when one more units is produced is known as.

Question # 11

Comparing a monopoly and a competitive firm the monopolist will.

Question # 12

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

Question # 13

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

Question # 14

LDC's often have a comparative advantage in the production of.

Question # 15

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 16

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

Question # 17

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

Question # 18

In the EMU a country's competitiveness can change because of.

Question # 19

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

Question # 20

Macro economics is the study of.

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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 A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above
2 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
3 The most important source of wage differentiate are.
A. Reginal variation
B. Unionization
C. Relative danger
D. Skills
4 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
5 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
6 If desired spending in the economy exceeds income we would expect.
A. House hold to save more
B. Firm to produce less
C. Firms is produce more
D. the MPC to change
7 The long run Philips curve is _________ at the ______
A. Horizontal natural rate of inflation
B. Horizontal , natural rate of unemployment
C. Vertical , natural rte of inflation
D. Vertical , equilibrium rate of unemployment.
8 The business cycle describes fluctuations in output around the.
A. Trend path of output
B. Boom
C. Recession
D. Short run fluctuations in output
9 The short run Philips curve can shift in response to changes in
A. inflationary expectations
B. Unemployment
C. The inflation rate
D. Wage rates
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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