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

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

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

Comparing a monopoly and a competitive firm the monopolist will.

Question # 6

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

Question # 7

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

Question # 8

Leakages from the circular flow are____ and _____

Question # 9

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 10

Floating exchange rates are __ in the short run

Question # 11

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

Question # 12

The equilibrium price clears the market it is the price at which.

Question # 13

Marginal revenue is the ________ when output is.

Question # 14

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

Question # 15

The opportunity cost of a student is.

Question # 16

If the government increase spending and raises taxes by just enough to finance the increase it will.

Question # 17

A straight line diagram can be drawn knowing the _______ and _____

Question # 18

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 19

The multiplier is calculated as.

Question # 20

Adding up the quantities demanded of a good by different people facing the same price gives us the.

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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 Perfect price discrimination means that every customer.
A. Buys the same amount
B. Pays the same price
C. Pays what she thinks the product is worth
D. Contributes the same revenue.
2 Marginal revenue is the ________ when output is.
A. Change in average revenue, inversed.
B. change in total revenue, increased by one unit
C. change in average revenue, increased by one unit
D. Change in total revenue, incresed.
3 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.
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 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
6 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
7 The single European Act committed_ governments to a ___ in 1992
A. European union, single market
B. Western European, single currency area
C. European union, single currency area
D. Western European, single market
8 Skilled labour is relatively scarce because.
A. There are too few teachers
B. Too few student places in higher education
C. It is costly to acquire human capital
D. Teachers salaries are too low
9 When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
A. depreciates, appreciates
B. revalues, devalues
C. appreciates, deprecates
D. becomes more expensive, becomes cheaper
10 A good example of a public good is.
A. Public transport
B. National defense
C. The national health service
D. Rail transport

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