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

Land will be allocated between competing uses so that.

Question # 2

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

Question # 3

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 4

The single European Act committed_ governments to a ___ in 1992

Question # 5

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 6

In the UK in recent years, union membership has ______ and days of work lost because of strikes has.

Question # 7

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

Question # 8

The cost of using capital services is the

Question # 9

At the intersection of AD and AS equilibrium is achieved in.

Question # 10

A straight line diagram can be drawn knowing the _______ and _____

Question # 11

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Question # 12

All of the following are type of monetary policy except

Question # 13

If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.

Question # 14

Efficiency wages are_______ that raise

Question # 15

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

Question # 16

The primary function of a bank is to.

Question # 17

Economic transition involves high inflation because ______ and _____

Question # 18

The AD schedule indicates that______ inflation is associated with______ output.

Question # 19

A person who is made redundant because of the contraction of an industry is a victim of.

Question # 20

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

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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 If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
2 The price elasticity of demand measures
A. The responsiveness of quantity demanded to a change in prie.
B. How far a demand curve shifts
C. A change in price
D. A change in quantity demanded
3 The long run Philips curve is _________ at the ______
A. Horizontal natural rate of inflation
B. Horizontal , natural rate of unemployment
C. Vertical , natural rte of inflation
D. Vertical , equilibrium rate of unemployment.
4 If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above
5 A straight line diagram can be drawn knowing the _______ and _____
A. Vertical axis and horizontal axis
B. Intercept and slope
C. Scale and slope
D. Intercept and scale.
6 If some body is prepared to work at the going wage rate but cannot find work than they are victims of.
A. Voluntary unemployment
B. Classical unemployment
C. Frictional unemployment.
D. All of the above
7 If I keep some money available in case I see a bargain this is an example of.
A. Asset demand for money
B. Transactions demand for money
C. Token demand for money
D. Precautionary demand for money
8 When capital mobility is perfect, interest rate differentials will tend to be offset by
A. Price differences.
B. Balance of payments differences.
C. Current account differences.
D. Expected exchange rate changes
9 If a long average cost rises, output rises from left to right this is an example of.
A. Increasing returns to scale
B. Decreasing returns to scale.
C. Constant returns to scale
D. the minimum efficient scale
10 The single European Act committed_ governments to a ___ in 1992
A. European union, single market
B. Western European, single currency area
C. European union, single currency area
D. Western European, single market

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