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 tariff causes domestic firms to __________ and consumers to

Question # 2

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 3

The primary function of a bank is to.

Question # 4

All of the following are parts of the business cycle except.

Question # 5

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

Question # 6

The main cause of different relative costs between countries are.

Question # 7

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

Question # 8

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 9

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 10

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

Question # 11

The key issues of macroeconomics are

Question # 12

For perfect competition ot work there must be

Question # 13

The cost of using capital services is the

Question # 14

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 15

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

Question # 16

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 17

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 18

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Question # 19

Injection into the circular flow are _________ and _______

Question # 20

The single European Act committed_ governments to a ___ in 1992

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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 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
2 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
3 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above
4 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
5 If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above
6 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
7 The allocation of resources is not efficient it
A. The marginal cost of production does not equal society marginal benefit
B. The distribution is inequitable
C. Economic growth is low
D. Unemployment is high
8 The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.
A. Prices, wages, output and employment.
B. Output, prices, employment
C. Nominal money, the price level output and employment.
D. Nominal money output prices
9 In linear consumption function with a positive slope less that on means that if income increase, consumption will.
A. Fall
B. Not change
C. Fluctuate
D. Increase
10 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

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