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

00:00
Question # 1

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 2

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

Question # 3

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

Question # 4

Fiscal policy is weak under floating exchange rates as fiscal expansion.

Question # 5

A profit maximizing firm will hire labor until _______ equal the

Question # 6

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

Question # 7

International specialization takes place because of.

Question # 8

Comparing a monopoly and a competitive firm the monopolist will.

Question # 9

Extremality's arise because there is a divergence between ____ and _

Question # 10

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

Question # 11

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 12

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

Question # 13

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

Question # 14

Nominal GNP measures income

Question # 15

The value of an asset depends upon

Question # 16

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

Question # 17

Output fell sharply in the transition economies because.

Question # 18

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

Question # 19

Bank create money by

Question # 20

A good example of a public good is.

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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 cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
2 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.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
3 Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
4 In the short run, the supply of capital is _______ and in the long run iwll depend on.
A. Variable technology
B. Fixed, expectations
C. Fixed, rental rate of capital
D. Variable, interest rates.
5 Short run average total costs are equal to the sum of _______ and______
A. Short run opportunity costs, profit
B. Short run average variable costs, profit
C. short run average variable costs, profit.
D. Short run average variable costs short run average fixed costs
6 In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.
A. 3>2>1
B. 3 +2>1
C. 3<2<1
D. Any measure can be larger or smaller than any other
7 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.
A. Rise
B. fall
C. not changes
D. fluctuate
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 The multiplier tells us how much __________ chagnes after a shift in.
A. Consumption, income
B. Investment , output
C. Savings, investment
D. output, aggregate demand
10 Extremality's arise because there is a divergence between ____ and _
A. Private costs, private benefits
B. Private costs, social costs of benefits
C. Social cost, social benefit
D. Insiders, outsiders

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