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

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

Question # 2

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

Question # 3

The long run Philips curve is _________ at the ______

Question # 4

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

Question # 5

Nominal GNP measures income

Question # 6

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 7

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 8

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 9

Efficiency wages are_______ that raise

Question # 10

Short run equilibrium output means that aggregate demand _ actual output

Question # 11

The participation rate in the labour force is affected by

Question # 12

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 13

International specialization takes place because of.

Question # 14

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

Question # 15

A straight line diagram can be drawn knowing the _______ and _____

Question # 16

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

Question # 17

Normative economics form ______ based on.

Question # 18

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

Question # 19

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

Question # 20

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

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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 a price increase of good A increases the quantity demanded of good B, then good B is a.
A. substitute good
B. Complementary good
C. Bargain
D. Interior good
2 LDC's often have a comparative advantage in the production of.
A. Primary products
B. Intermediate products
C. Manufactured products
D. Financial services.
3 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
4 All of the following are type of monetary policy except
A. A nominal money stock target
B. A balances budget
C. An inflation target
D. The pursuit of a target real interest rate
5 A tariff causes domestic firms to __________ and consumers to
A. Overproduced, under consume
B. overproduce , overconsume
C. Underproduce, under consume
D. underproduce, overconsume
6 Economics is the study of
A. Production technology
B. Consumption decisions
C. How society decides what how and for whom to produce
D. The best way to run society
7 The total multiplier for the economy will reflect.
A. MPC and MPT
B. MPT and MPZ
C. MPC and MPZ
D. MPC, MPT and MPZ
8 Real GNP is a crude measure of national welfare because it excludes.
A. Consumption
B. Investment
C. Export's
D. work in the home
9 With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.
A. Increased
B. Unaffected
C. Reduced
D. All of the above
10 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.
A. An import subsidy
B. A quota
C. Comparative advantage
D. An export subsidy

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