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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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	Possible causes of involuntary unemployment are	A. Minimum wage agreements B. Trade unions C. Scale economies D. All of the abvoe
2	An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others	A. Worse off, worse off B. better off, better off C. better off, worse off D. equal , unequal
3	We cannot say whether one allocation of resources is better than another allocation because.	A. some people cant count B. Some people may not be permanent residents C. Not all economic activity is legal D. We cant make value judgements to compare different people welfare.
4	The AD schedule indicates that______ inflation is associated with______ output.	A. higher , lower B. Higher , higher C. Lower , lower D. zero ,zero
5	The costs of inflation are	A. Shoe leather costs B. Menu costs C. Income redistribution D. All of the above
6	The equilibrium price clears the market it is the price at which.	A. Everything is sold B. Buyers spend all their money C. Excess demand is zero D. c and d
7	Aggregate demand in an economy trading internationally with a government sector can be written s.	A. AD = C+1 B. AD = C + 1+ G C. AD = C +1+G+X+Z D. AD+C+1+G+X-Z
8	In linear consumption function with a positive slope less that on means that if income increase, consumption will.	A. Fall B. Not change C. Fluctuate D. Increase
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	If demand is _______ then price cuts will ________ spending.	A. Inelastic, increase B. Elastic, increase C. Elastic, decreases D. None of the above

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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

On a graph a positive linear relation ship.

In a competitive industry each buyer and seller.

Economics assumes that people consume goods and services to achieve.

A good example of a public good is.

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

LDC's often have a comparative advantage in the production of.

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

The key issues of macroeconomics are

The costs of inflation are

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

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

If a country has a burden of debt it cannot sustain it can.

A competitive firm produces a level of output at which.

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

If the MPC is 0.5 the multiplier is

The opportunity cost of a student is.

Marginal revenue is the ________ when output is.

A competitive equilibrium is Pareto efficient because.

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.

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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

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The quantity theory of money says that changes in lead to equivalent changes in but have no effect on.