PPSC Economics Topic 11 Assess Your Basics MCQS

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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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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	Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.	A. Externality B. Market imperfection C. Deadweight burden D. Free rider
2	The firms long run output decision will be where.	A. Long run average cost a lowest B. Marginal revenue equals output C. Marginal revenue equals long run marginal cost D. Marginal cost equals output
3	Within circular flow of income, an increase in domestic income iwll lend to increase.	A. Exports B. Taxes C. Inventories D. Imports
4	Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.	A. aggregate supply is B. aggregate demand is C. Potential output is D. Real variables are
5	A tariff causes domestic firms to __________ and consumers to	A. Overproduced, under consume B. overproduce , overconsume C. Underproduce, under consume D. underproduce, overconsume
6	The opportunity cost of a good is.	A. The time lost in finding it B. The quantity of other goods sacrificed to get another unit of that good C. The expenditure on the good D. The loss of interest in using savings
7	M4 is a _________ measures of money and includes deposits at both _____________ and	A. Narrow, banks, building societies B. Wide, banks, insurance companies C. narrow, banks, insurance companies D. Wide, banks, building societies.
8	In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.	A. A nominal exchange rate, floated B. A real exchange rate, pegged C. a purchasing power parity, pegged D. a real exchange rate, floated
9	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
10	Bank create money by	A. Printing it B. Issuing debit cards C. Accepting chequeens D. Lending out part of their deposits

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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

Top footballers land to earn more than lecturers because.

The Philips curve shows the trade off between ________ and _____

In Nash equilibrium each player chooses the best strategy.

International specialization takes place because of.

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

A market can accuretaly be described as

By restricting labour supply a trade union can _________ and_______

The price elasticity of demand measures

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.

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

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

The AD schedule indicates that______ inflation is associated with______ output.

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

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Aggregate demand in an economy trading internationally with a government sector can be written s.

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

If demand is _______ then price cuts will ________ spending.

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

A competitive firms demand curve is.

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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

The Philips curve shows the trade off between ____ and _

By restricting labour supply a trade union can ___ and_

The AD schedule indicates that inflation is associated with output.

If demand is _ then price cuts will __ spending.