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

00:00
Question # 1

Efficiency wages are_______ that raise

Question # 2

Top footballers land to earn more than lecturers because.

Question # 3

Injection into the circular flow are _________ and _______

Question # 4

Economic growth may depend upon __________ and_________

Question # 5

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 6

Fiscal policy is weak under floating exchange rates as fiscal expansion.

Question # 7

Perfect price discrimination means that every customer.

Question # 8

We cannot say whether one allocation of resources is better than another allocation because.

Question # 9

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 10

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

Question # 11

The key issues of macroeconomics are

Question # 12

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

Question # 13

A firm that breaks even after all economic costs are paid is earning.

Question # 14

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 15

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Question # 16

Market failure may arise because of.

Question # 17

If demand is _______ then price cuts will ________ spending.

Question # 18

Economic transition involves high inflation because ______ and _____

Question # 19

In a free market

Question # 20

Micro economics is conceded with

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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 Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.
A. Depreciation
B. Appreciation
C. fall
D. Devaluation
2 A firm that breaks even after all economic costs are paid is earning.
A. Economic profit
B. Accounting profit
C. Normal profit
D. Supernormal profit
3 The multiplier accelerator model assumes _______ depends on.
A. Consumption, expected future profits.
B. Investment, interest rates.
C. Investment expected future profits.
D. Stock building, interest rates.
4 Real GNP is a crude measure of national welfare because it excludes.
A. Consumption
B. Investment
C. Export's
D. work in the home
5 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
6 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
7 If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
8 LDC's often have a comparative advantage in the production of.
A. Primary products
B. Intermediate products
C. Manufactured products
D. Financial services.
9 In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage
10 Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.
A. Move into surplus
B. Move into deficit
C. Remain unchanged
D. None of these

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