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

Question # 2

Nominal GNP measures income

Question # 3

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Question # 4

Micro economics is conceded with

Question # 5

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 6

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

Question # 7

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

Question # 8

The costs of inflation are

Question # 9

A dominant strategy is.

Question # 10

The participation rate in the labour force is affected by

Question # 11

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 12

The real value can be derived from a nominal value by

Question # 13

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 14

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

Question # 15

The AD schedule indicates that______ inflation is associated with______ output.

Question # 16

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

Question # 17

When the level of income _______ there will be atendency for the trade balance to improve as imports.

Question # 18

Market some times fall to exist because of.

Question # 19

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 20

All of the following are types of imperfect competition except

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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 If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.
A. An import subsidy
B. A quota
C. Comparative advantage
D. An export subsidy
2 The increase in total cost when one more units is produced is known as.
A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost
3 The imposition of a tariff causes consumption to _______ and imports to.
A. rise , rise
B. fall , rise
C. fall , fall
D. rise , fall
4 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
5 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
6 A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.
A. Enhances
B. Undermines
C. Encourages
D. Facilitates
7 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
8 In linear consumption function with a positive slope less that on means that if income increase, consumption will.
A. Fall
B. Not change
C. Fluctuate
D. Increase
9 The business cycle describes fluctuations in output around the.
A. Trend path of output
B. Boom
C. Recession
D. Short run fluctuations in output
10 The equilibrium price clears the market it is the price at which.
A. Everything is sold
B. Buyers spend all their money
C. Excess demand is zero
D. c and d

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