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

The primary function of a bank is to.

Question # 2

A competitive equilibrium is Pareto efficient because.

Question # 3

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

Question # 4

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Question # 5

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 6

Aggregate demand in an economy trading internationally with a government sector can be written s.

Question # 7

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

Question # 8

The multiplier tells us how much __________ chagnes after a shift in.

Question # 9

The cost of using capital services is the

Question # 10

Floating exchange rates are __ in the short run

Question # 11

Leakages from the circular flow are____ and _____

Question # 12

A production technique is technically efficient if.

Question # 13

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

Question # 14

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 # 15

The price elasticity of demand measures

Question # 16

The participation rate in the labour force is affected by

Question # 17

LDC's often have a comparative advantage in the production of.

Question # 18

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 19

We cannot say whether one allocation of resources is better than another allocation because.

Question # 20

In the EMU a country's competitiveness can change because of.

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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 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.
2 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
3 Market some times fall to exist because of.
A. Externalities
B. the free rider problem
C. Poor transport
D. a an b
4 Macro economics is the study of.
A. Individual building blocks in the economy
B. The relationship between different sectors of the economy
C. Household purchased decisions
D. The economy as a whole
5 A rise in the real exchange rate will __ the competitiveness of the domestic economy.
A. Increase
B. reduce
C. do nothing do
D. all of these
6 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
7 In the UK in recent years, union membership has ______ and days of work lost because of strikes has.
A. Grown, declined
B. declined, declined
C. declined, grown
D. grown , grown
8 On a graph a positive linear relation ship.
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Modes down to the left
9 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
10 All of the following are type of monetary policy except
A. A nominal money stock target
B. A balances budget
C. An inflation target
D. The pursuit of a target real interest rate

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