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

Real GNP is a crude measure of national welfare because it excludes.

Question # 2

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

Question # 3

The prisoners Dilemma Game demonstrates that.

Question # 4

The opportunity cost of a student is.

Question # 5

Injection into the circular flow are _________ and _______

Question # 6

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 7

Top footballers land to earn more than lecturers because.

Question # 8

When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.

Question # 9

In an open economy leakages to imports ______ the value of the multiplier.

Question # 10

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

Question # 11

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

Question # 12

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.

Question # 13

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

Question # 14

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

Question # 15

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

Question # 16

Skilled labour is relatively scarce because.

Question # 17

Real business cycle are cycles in

Question # 18

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Question # 19

In the economy when a steel producer sells steel to car producer it is regarded as.

Question # 20

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

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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 value of an asset depends upon
A. Its scrap value
B. Its depreciation
C. The present value of the failure stream of income it can earn.
D. the cost of loans
2 Market failure may arise because of.
A. Imperfect competition
B. Taxation
C. Externalities
D. All of the above
3 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
4 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
5 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above
6 If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above
7 For perfect competition ot work there must be
A. Many buyers and sellers
B. A standard product
C. Free entry and exit
D. All of the above
8 An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
A. Reduce , reduce
B. Reduce , increase
C. Increased, increased
D. Increases, reduces
9 In Nash equilibrium each player chooses the best strategy.
A. Assuming other players move first.
B. Dominated by the other players
C. Given the strategies of other players
D. That is a credible threat
10 During periods of rising inflation and rising interest rates we expect the demand for real cash to.
A. rise
B. fall
C. not change
D. fluctuate

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