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

In an open economy leakages to imports ______ the value of the multiplier.

Question # 2

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

Question # 3

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

Question # 4

Economic growth may depend upon __________ and_________

Question # 5

The multiplier accelerator model assumes _______ depends on.

Question # 6

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

Question # 7

Nominal GNP measures income

Question # 8

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

Question # 9

Floating exchange rates are __ in the short run

Question # 10

A natural monopoly has a declining ________ over a large range of output.

Question # 11

The business cycle describes fluctuations in output around the.

Question # 12

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 13

The multiplier is calculated as.

Question # 14

If desired spending in the economy exceeds income we would expect.

Question # 15

Real business cycle are cycles in

Question # 16

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

Question # 17

A profit maximizing firm will hire labor until _______ equal the

Question # 18

The equilibrium price clears the market it is the price at which.

Question # 19

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

Question # 20

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

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 The most important source of wage differentiate are.
A. Reginal variation
B. Unionization
C. Relative danger
D. Skills
2 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
3 Economics is the study of
A. Production technology
B. Consumption decisions
C. How society decides what how and for whom to produce
D. The best way to run society
4 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
5 A firm that breaks even after all economic costs are paid is earning.
A. Economic profit
B. Accounting profit
C. Normal profit
D. Supernormal profit
6 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%
7 Market some times fall to exist because of.
A. Externalities
B. the free rider problem
C. Poor transport
D. a an b
8 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
9 International specialization takes place because of.
A. Differences in technology
B. Differences in factor endowments
C. Scale economies
D. All of the above
10 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

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