PPSC Economics Topic 11 MCQS Test Preparation

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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

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 # 2

A good example of a public good is.

Question # 3

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 4

All of the following are benefits of the single market except.

Question # 5

The most important source of wage differentiate are.

Question # 6

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 7

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 # 8

The single European Act committed_ governments to a ___ in 1992

Question # 9

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Question # 10

For given government spending and taxation the government budget deficit will grow in __________ and decline in _________

Question # 11

The level of the equilibrium exchange rate offsets international difference in.

Question # 12

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

Question # 13

In the classical model, potential output can not be increased by

Question # 14

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

Question # 15

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

Question # 16

The extra utility from consuming one more unit of a good is called.

Question # 17

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

Question # 18

The prisoners Dilemma Game demonstrates that.

Question # 19

A fall in investment demand can result from

Question # 20

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

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Economics
11th Chapter

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Sr.# Question Answer
1 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.
2 Injection into the circular flow are _________ and _______
A. Consumption, investment, exports
B. Investment exports, transfer payments
C. Investment government expenditure, exports.
D. Taxes, exports, transfer payments.
3 In the classical model, potential output can not be increased by
A. Monetary growth
B. Better technology
C. More capital
D. higher labour supply
4 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports
5 Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.
A. aggregate supply is
B. aggregate demand is
C. Potential output is
D. Real variables are
6 If the MPC is 0.5 the multiplier is
A. 2
B. 1/2
C. 0.2
D. 20
7 The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____
A. capital widening, technical innovation
B. Capital widening, catch up in technology
C. Capital deepening, technical innovation
D. Capital deepening, catch up technology.
8 During periods of rising inflation and rising interest rates we expect the demand for real cash to.
A. rise
B. fall
C. not change
D. fluctuate
9 The real value can be derived from a nominal value by
A. Adjusting changes over time
B. Adjusting for data collection errors
C. Adjusting for population changes
D. Adjusting for changes in prices
10 Perfect price discrimination means that every customer.
A. Buys the same amount
B. Pays the same price
C. Pays what she thinks the product is worth
D. Contributes the same revenue.

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