PPSC Economics Topic 11 Assess Your Basics MCQS

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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	Top footballers land to earn more than lecturers because.	A. Footballers give more entertainment B. Lecturers are lazy C. The labour markets are imperfect D. Top footballers are relatively scarce in relation to lecturers
2	In Nash equilibrium each player chooses the best strategy.	A. Assuming other players move first. B. Dominated by the other players C. Given the strategies of other players D. That is a credible threat
3	The firms long run output decision will be where.	A. Long run average cost a lowest B. Marginal revenue equals output C. Marginal revenue equals long run marginal cost D. Marginal cost equals output
4	If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.	A. Private good B. Merit good C. Public good D. Abundant good
5	In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.	A. 3>2>1 B. 3 +2>1 C. 3<2<1 D. Any measure can be larger or smaller than any other
6	In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.	A. A nominal exchange rate, floated B. A real exchange rate, pegged C. a purchasing power parity, pegged D. a real exchange rate, floated
7	Comparing a monopoly and a competitive firm the monopolist will.	A. Produce less at a lower price B. Produce more at a lower price C. Produce less at a higher price D. Produce less at a lower price
8	All of the following are benefits of the single market except.	A. It allows countries to exploit their comparative advantage, more fully B. Firms could more readily exploit economies of scale C. It intensified competition D. It is easier book holidays in member countries.
9	The business cycle is not transmitted from one country to another through.	A. Private sector imports and exports B. Economic policy C. The duration of compulsory education D. Labour supply changes
10	Short run equilibrium output means that aggregate demand _ actual output	A. is less than B. equals C. is greater than D. fluctuates around

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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

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

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

Injection into the circular flow are _________ and _______

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

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

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

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

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

Except for taxes to offset ___ taxes are.

We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.

In Nash equilibrium each player chooses the best strategy.

Nominal GNP measures income

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

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

Efficiency wages are_______ that raise

import substitution is the replacement of ________ by domestic production under the protection of.

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

A competitive firms demand 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

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Injection into the circular flow are ___ and _