PPSC Economics Topic 11 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

Try The 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

A profit maximizing firm will hire labor until _______ equal the

Question # 2

Skilled labour is relatively scarce because.

Question # 3

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 4

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

Question # 5

If a long average cost rises, output rises from left to right this is an example of.

Question # 6

The multiplier is calculated as.

Question # 7

The business cycle describes fluctuations in output around the.

Question # 8

The firms long run output decision will be where.

Question # 9

International difference in opportunity costs lead to countries acquiring.

Question # 10

The participation rate in the labour force is affected by

Question # 11

Real GNP measures income

Question # 12

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 13

A natural monopoly has a declining ________ over a large range of output.

Question # 14

Economic transition involves high inflation because ______ and _____

Question # 15

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

Question # 16

International specialization takes place because of.

Question # 17

Land will be allocated between competing uses so that.

Question # 18

The business cycle is not transmitted from one country to another through.

Question # 19

The equilibrium inflation rate is determine by the intersection of __________ and ___

Question # 20

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

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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 multiplier is calculated as.
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
2 Except for taxes to offset ___ taxes are.
A. Imperfect competition , popular
B. Extremality's, distortionary
C. Inequality, a first best option
D. Poor health, unnecessary
3 A good example of a public good is.
A. Public transport
B. National defense
C. The national health service
D. Rail transport
4 the Maastricht criteria for entry to the EMU are that applicants should have
A. Low inflation
B. Low interest rates
C. Stable nominal exchange rate
D. All of the above
5 If demand is _______ then price cuts will ________ spending.
A. Inelastic, increase
B. Elastic, increase
C. Elastic, decreases
D. None of the above
6 Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
7 In a free market
A. Government intervene
B. Government plan production
C. Government interfere
D. Price adjust to reconcile scarcity and desires.
8 By restricting labour supply a trade union can _________ and_______
A. Increase the wage, increase employment
B. Maintain the wage, increase employment
C. Increase the wage lower employment
D. Maintain the wage, lower employment
9 If some body is prepared to work at the going wage rate but cannot find work than they are victims of.
A. Voluntary unemployment
B. Classical unemployment
C. Frictional unemployment.
D. All of the above
10 A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases

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