PPSC Economics Topic 11 Assess Your Basics MCQS

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Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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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	The opportunity cost of a student is.	A. Course fees and rent B. A loan from the bank C. What the student could have earned in the best job available by not studying. D. What the student will earn after graduation.
2	In the UK under a _________ of the labour force belong to a trade union.	A. Quarter B. Third C. Half D. Three quarters
3	When capital mobility is perfect, interest rate differentials will tend to be offset by	A. Price differences. B. Balance of payments differences. C. Current account differences. D. Expected exchange rate changes
4	International specialization takes place because of.	A. Differences in technology B. Differences in factor endowments C. Scale economies D. All of the above
5	If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.	A. Inflation B. A supply shocks C. Crowding out D. Inflation illusion
6	A tariff causes domestic firms to __________ and consumers to	A. Overproduced, under consume B. overproduce , overconsume C. Underproduce, under consume D. underproduce, overconsume
7	If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by	A. 20% B. 2% C. 12% D. 15%
8	When we know the quantity of a product that buyers wish to purchases at each possible price we know.	A. Demand B. Supply C. excess demand D. Excess supply
9	Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.	A. Exceed B. Fall below C. Fluclaute around D. Remain equal to.
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 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.

A monopoly may be self perpetuating because profits may be used for

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.

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

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

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

Nominal GNP measures income

The long run Philips curve is _________ at the ______

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

For perfect competition ot work there must be

All of the following represent obstacles to LDC development except.

Short run equilibrium output means that aggregate demand _ actual output

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

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

Leakages from the circular flow are____ and _____

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

In a competitive industry each buyer and seller.

The cost of using capital services is the

The costs of inflation are

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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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

Test Questions

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The long run Philips curve is ___ at the

Leakages from the circular flow are and _