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

00:00
Question # 1

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

Question # 2

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 3

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

Question # 4

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

Question # 5

The single European Act committed_ governments to a ___ in 1992

Question # 6

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

Question # 7

Market failure may arise because of.

Question # 8

Possible causes of involuntary unemployment are

Question # 9

The allocation of resources is not efficient it

Question # 10

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 # 11

A person who is made redundant because of the contraction of an industry is a victim of.

Question # 12

At the intersection of AD and AS equilibrium is achieved in.

Question # 13

If both Marginal cost and marginal revenue increase, a firm.

Question # 14

The most important source of wage differentiate are.

Question # 15

A tariff causes domestic firms to __________ and consumers to

Question # 16

A competitive firms demand curve is.

Question # 17

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

Question # 18

The imposition of a tariff causes consumption to _______ and imports to.

Question # 19

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Question # 20

Human capital can be described as.

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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 If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above
2 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
3 The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.
A. Saving investment
B. Capital per person productivity
C. Labour growth , output
D. Investment capital per person
4 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
5 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
6 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
7 Economic transition involves high inflation because ______ and _____
A. High monetary growth, high wages.
B. High budget deficits, devaluation
C. High monetary growth, devaluation
D. Prices surge from an artificially low level to their equilibrium level the inflation tax is required as source of government revenue.
8 When we refer to the hidden economy we mean unrecorded income owing to.
A. Tax evasion
B. Poor statistics
C. The lags between statistical collection and publication .
D. Smuggling
9 In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
10 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

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