PPSC Economics Topic 11 Assess Your Basics MCQS

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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	An optimal tariff is one which reduces imports to the level at which ___ equals	A. imports , exports B. The balance of trade, zero C. The demand for currency, the supply of currency D. Social marginal cost social marginal benefit
2	If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.	A. An import subsidy B. A quota C. Comparative advantage D. An export subsidy
3	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
4	The impossibility of negative gross investment provides a______ to fluctuations in.	A. Celling, stock building B. Celling, capital prices C. floor , output D. floor , the capital output ratio
5	A good example of a public good is.	A. Public transport B. National defense C. The national health service D. Rail transport
6	International difference in opportunity costs lead to countries acquiring.	A. Comparative advantage B. High exchange rates C. Trade exchange rates D. Trade barriers
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	Market failure may arise because of.	A. Imperfect competition B. Taxation C. Externalities D. All of the above
9	For a competitive firm its short run supply curve is ________ and its long run supply curve is.	A. SMC , LMC B. SMC above SAVC, LMC above LAC C. SMC below SAVC, LMC above LAC D. SMC Below SAVC, LMC below LAC
10	Macro economics is the study of.	A. Individual building blocks in the economy B. The relationship between different sectors of the economy C. Household purchased decisions D. The economy as a whole

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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

When we refer to the hidden economy we mean unrecorded income owing to.

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

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

A tariff causes domestic firms to __________ and consumers to

A competitive firms demand curve is.

The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.

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

If the government increase spending and raises taxes by just enough to finance the increase it will.

In the circular flow we would expect leakages to __________ injections.

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.

The short run Philips curve can shift in response to changes in

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

The key issues of macroeconomics are

We cannot say whether one allocation of resources is better than another allocation because.

Efficiency wages are_______ that raise

The participation rate in the labour force is affected by

In linear consumption function with a positive slope less that on means that if income increase, consumption will.

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

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

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.

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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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

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The abolition of income tax would probably the number of workers in employment and____ the equilibrium. rate of unemployment.