PPSC Economics Topic 11 Assess Your Basics MCQS

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Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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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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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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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	Normative economics form ______ based on.	A. Positive statements facts B. Opinions, personal values C. Positive statements values D. Opinions facts
2	All of the following represent obstacles to LDC development except.	A. Resource scarcity B. Low level of investment C. Low population D. Poor infrastructure
3	In the neoclassical theory of growth a higher saving rate leads to.	A. A higher growth rate B. A fluctuating growth rate C. A lower growth rate D. No change in the growth rate
4	Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.	A. Imperfect labour markets B. Rational expectations C. Intertemporal decisions of households firms and government. D. Sun spot cycles
5	Skilled labour is relatively scarce because.	A. There are too few teachers B. Too few student places in higher education C. It is costly to acquire human capital D. Teachers salaries are too low
6	The opportunity cost of a student is.	A. Course fees and rent B. A loan from the bank C. What the student could have earned in the best job available by not studying. D. What the student will earn after graduation.
7	Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and	A. Marginal costs, marginal benefits B. Demand, supply C. Marginal cost, marginal revenue D. Marginal cost, average cost
8	The equilibrium inflation rate is determine by the intersection of __________ and ___	A. demand, supply B. IS , LM C. AD, AS D. Labour demand, labour supply
9	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.
10	In the classical model, potential output can not be increased by	A. Monetary growth B. Better technology C. More capital D. higher labour supply

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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 UK under a _________ of the labour force belong to a trade union.

The real value can be derived from a nominal value by

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

Top footballers land to earn more than lecturers because.

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.

Economic growth may depend upon __________ and_________

A person who is made redundant because of the contraction of an industry is a victim of.

At the intersection of AD and AS equilibrium is achieved in.

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

Aggregate demand without a foreign sector is the sum of.

If the MPC is 0.5 the multiplier is

Economic transition involves high inflation because ______ and _____

Marginal revenue is the ________ when output is.

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

The imposition of a tariff causes consumption to _______ and imports to.

A dominant strategy is.

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

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

In linear consumption function with a positive slope less that on means that if income increase, consumption will.

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

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

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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

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Economic growth may depend upon __ and_

Economic transition involves high inflation because __ and _