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

Question # 2

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

Question # 3

If demand is _______ then price cuts will ________ spending.

Question # 4

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

Question # 5

Short run equilibrium output means that aggregate demand _ actual output

Question # 6

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.

Question # 7

Injection into the circular flow are _________ and _______

Question # 8

Higher export demand _______ output and a higher MPZ______ output..

Question # 9

A profit maximizing firm will hire labor until _______ equal the

Question # 10

The single European Act committed_ governments to a ___ in 1992

Question # 11

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

Question # 12

Economic growth may depend upon __________ and_________

Question # 13

All of the following are type of monetary policy except

Question # 14

Potential output can be increased by _________ or by_________

Question # 15

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.

Question # 16

A market can accuretaly be described as

Question # 17

The impossibility of negative gross investment provides a______ to fluctuations in.

Question # 18

A production technique is technically efficient if.

Question # 19

Efficiency wages are_______ that raise

Question # 20

The increase in total cost when one more units is produced is known as.

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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 The most important source of wage differentiate are.
A. Reginal variation
B. Unionization
C. Relative danger
D. Skills
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 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
4 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
5 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
6 We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.
A. Smaller
B. Larger
C. the same size
D. None of these
7 In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
8 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
9 If desired spending in the economy exceeds income we would expect.
A. House hold to save more
B. Firm to produce less
C. Firms is produce more
D. the MPC to change
10 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

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