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

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Question # 1

All of the following are types of imperfect competition except

Question # 2

If my neighbor burns garden waste causing my house to fil with smoke this is an example of.

Question # 3

The cost of using capital services is the

Question # 4

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

Question # 5

Normative economics form ______ based on.

Question # 6

In the classical model, potential output can not be increased by

Question # 7

Real business cycle are cycles in

Question # 8

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.

Question # 9

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

Question # 10

Economics is the study of

Question # 11

In the neoclassical theory of growth a higher saving rate leads to.

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 16

Top footballers land to earn more than lecturers because.

Question # 17

The retail price index is used to.

Question # 18

The multiplier is calculated as.

Question # 19

On a graph a positive linear relation ship.

Question # 20

International difference in opportunity costs lead to countries acquiring.

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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 If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
2 Economic growth may depend upon __________ and_________
A.
Population size , x -efficiency
B. Population age distribution, education
C. Population growth, education
D. Population growth, technical progress
3 Nominal GNP measures income
A. At the present time
B. Corrected for tax changes
C. Corrected for changes in interest rates
D. At current prices
4 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports
5 A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above
6 In the short run, the supply of capital is _______ and in the long run iwll depend on.
A. Variable technology
B. Fixed, expectations
C. Fixed, rental rate of capital
D. Variable, interest rates.
7 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
8 For given government spending and taxation the government budget deficit will grow in __________ and decline in _________
A. booms, booms
B. recession, recession
C. booms, recessions
D. recessions, booms
9 The price elasticity of demand measures
A. The responsiveness of quantity demanded to a change in prie.
B. How far a demand curve shifts
C. A change in price
D. A change in quantity demanded
10 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

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