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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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	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. Market imperfection B. The law of diminishing returns C. The paradox of thriff D. Market failure
2	Women and non whiles on average receive lower comes than white men because.	A. They tend to work in relatively unskilled jobs B. Educational disadvantage C. Firms are reluctant to invest in training D. All of the above
3	The equilibrium inflation rate is determine by the intersection of __________ and ___	A. demand, supply B. IS , LM C. AD, AS D. Labour demand, labour supply
4	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
5	Human capital can be described as.	A. The tools used by workers to entrances productivity B. a persons inherited abilities. C. The stock of expertise accumulated by a worker D. Education
6	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
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	The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.	A. increase ; decrease B. increase ; increase C. reduce ; increase D. reduce ; reduce
9	Economic growth may depend upon __________ and_________	A. Population size , x -efficiency B. Population age distribution, education C. Population growth, education D. Population growth, technical progress
10	Nominal GNP measures income	A. At the present time B. Corrected for tax changes C. Corrected for changes in interest rates D. At current prices

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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

Firms are assumed to ____ costs and to _______ profit.

A profit maximizing firm will hire labor until _______ equal the

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.

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

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

A current account deficit means that a country may.

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

Real business cycle are cycles in

Skilled labour is relatively scarce because.

Potential output can be increased by _________ or by_________

An optimal tariff is one which reduces imports to the level at which ___ equals

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

A competitive equilibrium is Pareto efficient because.

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

All of the following are parts of the business cycle except.

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

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

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

Macro economics is the study of.

the Maastricht criteria for entry to the EMU are that applicants should have

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

Share your comments & questions here

Firms are assumed to costs and to ___ profit.

Potential output can be increased by _ or by_

The effect of a tax to offset a negative eternality will be to ____ price and quantity.