PPSC Economics Topic 11 Assess Your Basics MCQS

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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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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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	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
2	Economic transition involves high inflation because ______ and _____	A. High monetary growth, high wages. B. High budget deficits, devaluation C. High monetary growth, devaluation D. Prices surge from an artificially low level to their equilibrium level the inflation tax is required as source of government revenue.
3	Moral Hazard means that the act of insuring __________ that the desired outcome will occur.	A. Reduces the likelihood B. Increase the likelihood C. Guarantees D. None of the above
4	In the circular flow we would expect leakages to __________ injections.	A. equal B. be less than C. by greater than D. Be less or greater than
5	One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.	A. rise, increases, increases B. rise, falls, increases C. rise, increases, falls D. rise, falls, falls
6	A monopoly may be self perpetuating because profits may be used for	A. research B. Cost saving C. Technical advance D. All of the above
7	Top footballers land to earn more than lecturers because.	A. Footballers give more entertainment B. Lecturers are lazy C. The labour markets are imperfect D. Top footballers are relatively scarce in relation to lecturers
8	The retail price index is used to.	A. Construct price lists B. Compare shop prices C. Measure changes in the cost of living D. None of the above
9	When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.	A. Behave like competitive firms B. Agree to act together C. Differentiate their products D. Practice price discrimination
10	If the government increase spending and raises taxes by just enough to finance the increase it will.	A. Leave output unchagned B. Increase output C. Reduce output D. Increase the MPC

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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

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

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

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

The opportunity cost of acquiring education is.

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

If I keep some money available in case I see a bargain this is an example of.

A profit maximizing firm will hire labor until _______ equal the

The price elasticity of demand measures

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

The AD schedule indicates that______ inflation is associated with______ output.

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Floating exchange rates are __ in the short run

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

In the short run the level of floating exchange rates is determined mainly by.

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

A competitive firm produces a level of output at which.

The prisoners Dilemma Game demonstrates that.

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

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Set 11

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

An upward shift in marginal cost _________ output and an upward shift in _ marginal revenue output.

The AD schedule indicates that inflation is associated with output.

In the ERM, each country fixed _ against each other ERM participant collectively the group.___ against the rest of the world.