PPSC Economics Topic 11 Assess Your Basics MCQS

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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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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	Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.	A. Exceed B. Fall below C. Fluclaute around D. Remain equal to.
2	Higher export demand _______ output and a higher MPZ______ output..	A. Reduces, reduces B. Reduces, increases C. Increases, reduces D. increases, increases
3	Women and non whiles on average receive lower comes than white men because.	A. They tend to work in relatively unskilled jobs B. Educational disadvantage C. Firms are reluctant to invest in training D. All of the above
4	The increase in total cost when one more units is produced is known as.	A. Marginal cost B. Opportunity cost C. Limited cost D. Average cost
5	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
6	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
7	All of the following represent obstacles to LDC development except.	A. Resource scarcity B. Low level of investment C. Low population D. Poor infrastructure
8	An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.	A. Price level, agregate economy B. Tax rate, government ebudget C. Wage rate, labour market D. Interest rate, market for loanable funds
9	One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.	A. rise, increases, increases B. rise, falls, increases C. rise, increases, falls D. rise, falls, falls
10	If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely	A. Increase B. Not change C. Decrease D. Shift

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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

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

Within circular flow of income, an increase in domestic income iwll lend to increase.

Skilled labour is relatively scarce because.

All of the following are type of monetary policy except

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

A competitive equilibrium is Pareto efficient because.

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Real business cycle are cycles in

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Monetarists believe that a reduction in _____ can be achieved by reducing.

Short run average total costs are equal to the sum of _______ and______

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

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

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

A supply curve is directly affected by

The real value can be derived from a nominal value by

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

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

The opportunity cost of a student is.

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

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

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Set 6

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Set 8

Set 9

Set 10

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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In a fixed exchange rate regime, the central bank will intervene by pounds to ____ the exchange rate.

Short run average total costs are equal to the sum of _ and

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

Higher export demand _ output and a higher MPZ output..