PPSC Economics Topic 11 Assess Your Basics MCQS

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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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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	Within circular flow of income, an increase in domestic income iwll lend to increase.	A. Exports B. Taxes C. Inventories D. Imports
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	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
4	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.
5	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
6	The multiplier accelerator model assumes _______ depends on.	A. Consumption, expected future profits. B. Investment, interest rates. C. Investment expected future profits. D. Stock building, interest rates.
7	An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others	A. Worse off, worse off B. better off, better off C. better off, worse off D. equal , unequal
8	Land will be allocated between competing uses so that.	A. Housing gets priority B. Industry gets priority C. Faming gets priority D. The equilibrium rental rate equilibrium total demand with supply
9	The AD schedule indicates that______ inflation is associated with______ output.	A. higher , lower B. Higher , higher C. Lower , lower D. zero ,zero
10	An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.	A. Reduce , reduce B. Reduce , increase C. Increased, increased D. Increases, reduces

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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

Within circular flow of income, an increase in domestic income iwll lend to increase.

In the short run, the supply of capital is _______ and in the long run iwll depend on.

A production technique is technically efficient if.

By restricting labour supply a trade union can _________ and_______

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

A profit maximizing firm will hire labor until _______ equal the

Nominal GNP measures income

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

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

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

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

A market can accuretaly be described as

If a long average cost rises, output rises from left to right this is an example of.

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.

When capital mobility is perfect, interest rate differentials will tend to be offset by

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

The equilibrium inflation rate is determine by the intersection of __________ and ___

The main cause of different relative costs between countries are.

Output fell sharply in the transition economies because.

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

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Set 2

Set 3

Set 4

Set 5

Set 6

Set 7

Set 8

Set 9

Set 10

Set 11

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

By restricting labour supply a trade union can ___ and_

The equilibrium inflation rate is determine by the intersection of ________ and _