PPSC Economics Topic 11 MCQS Test Preparation

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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 two firms doing the same thing in the same industry join together this is known as a.

Question # 2

A competitive firms demand curve is.

Question # 3

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

Question # 4

All of the following are benefits of the single market except.

Question # 5

Extremality's arise because there is a divergence between ____ and _

Question # 6

Floating exchange rates are __ in the short run

Question # 7

A profit maximizing firm will hire labor until _______ equal the

Question # 8

a demand curve can shift because of changing.

Question # 9

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 10

The extra utility from consuming one more unit of a good is called.

Question # 11

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

Question # 12

Women and non whiles on average receive lower comes than white men because.

Question # 13

Bank create money by

Question # 14

Economic transition involves high inflation because ______ and _____

Question # 15

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 16

A production technique is technically efficient if.

Question # 17

The multiplier is calculated as.

Question # 18

All of the following are parts of the business cycle except.

Question # 19

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

Question # 20

Leakages from the circular flow are____ and _____

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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 effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.
A. Reduce, reduce
B. increase, increase
C. Increase , reduce
D. reduce, increase
2 If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.
A. Rise
B. fall
C. not changes
D. fluctuate
3 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
4 The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.
A. Prices, wages, output and employment.
B. Output, prices, employment
C. Nominal money, the price level output and employment.
D. Nominal money output prices
5 Monetarists believe that a reduction in _____ can be achieved by reducing.
A. Unemployment, prices
B. Inflation, wages
C. Unemployment, wages
D. Inflation, the quantity of nominal money
6 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
7 If my neighbor burns garden waste causing my house to fil with smoke this is an example of.
A. A production extremality
B. A second best solution
C. Transaction costs
D. A consumption externality
8 If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
A. Lender of last resort
B. Financial intermediation
C. Open market operations
D. Financial regulation.
9 If the government increase spending and raises taxes by just enough to finance the increase it will.
A. Leave output unchagned
B. Increase output
C. Reduce output
D. Increase the MPC
10 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital

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