PPSC Economics Topic 11 Assess Your Basics MCQS

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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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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	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.
2	Aggregate demand without a foreign sector is the sum of.	A. c+1 B. C+G C. 1+G D. C+!+G
3	Land will be allocated between competing uses so that.	A. Housing gets priority B. Industry gets priority C. Faming gets priority D. The equilibrium rental rate equilibrium total demand with supply
4	Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.	A. Externality B. Market imperfection C. Deadweight burden D. Free rider
5	When investment is assumed to autonomous the slope of the AD schedule is determined by the.	A. Marginal propensity to invest. B. disposable income C. Marginal propensity to consume D. Average properisity to consume
6	A competitive firms demand curve is.	A. Horizontal B. Vertical C. Down ward sloping D. Fairly elastic
7	The imposition of a tariff causes consumption to _______ and imports to.	A. rise , rise B. fall , rise C. fall , fall D. rise , fall
8	An increase in consumer income will increase demand for a __________ for decrease demand for a.	A. Substitute good interior good B. Normal good, interior good C. Interior good, normal good. D. Normal good, complementary good.
9	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
10	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

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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

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

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.

In a competitive industry each buyer and seller.

All of the following are types of imperfect competition except

The opportunity cost of a good is.

In the short run, the supply of capital is _______ and in the long run iwll depend on.

Human capital can be described as.

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

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

The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.

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

In a free market

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

All of the following are type of monetary policy except

A competitive equilibrium is Pareto efficient because.

A profit maximizing firm will hire labor until _______ equal the

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

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

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

The most important source of wage differentiate are.

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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A straight line diagram can be drawn knowing the ___ and _

The neoclassical theory of growth identities the steady state rate of growth as the ___ just sufficient to keep _ constant while labour grows.