PPSC Economics Topic 11 Assess Your Basics MCQS

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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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 long run Philips curve is _________ at the ______	A. Horizontal natural rate of inflation B. Horizontal , natural rate of unemployment C. Vertical , natural rte of inflation D. Vertical , equilibrium rate of unemployment.
2	The opportunity cost of a good is.	A. The time lost in finding it B. The quantity of other goods sacrificed to get another unit of that good C. The expenditure on the good D. The loss of interest in using savings
3	A straight line diagram can be drawn knowing the _______ and _____	A. Vertical axis and horizontal axis B. Intercept and slope C. Scale and slope D. Intercept and scale.
4	Real GNP measures income	A. Including non market activities B. Adjusted for inflation C. Including externalities D. Including tax evasion
5	A market can accuretaly be described as	A. A place to buy things B. a place to sell things C. The process by which prices adjust to reconcile the allocation of resources D. a place where buyers and sellers meet.
6	The firms long run output decision will be where.	A. Long run average cost a lowest B. Marginal revenue equals output C. Marginal revenue equals long run marginal cost D. Marginal cost equals output
7	The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____	A. capital widening, technical innovation B. Capital widening, catch up in technology C. Capital deepening, technical innovation D. Capital deepening, catch up technology.
8	In the neoclassical theory of growth a higher saving rate leads to.	A. A higher growth rate B. A fluctuating growth rate C. A lower growth rate D. No change in the growth rate
9	On a graph a positive linear relation ship.	A. Moves down to the right B. Moves up to the left C. Moves up to the right D. Modes down to the left
10	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

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

In the economy when a steel producer sells steel to car producer it is regarded as.

When the level of income _______ there will be atendency for the trade balance to improve as imports.

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

A supply curve is directly affected by

Within circular flow of income, an increase in domestic income iwll lend to increase.

The primary function of a bank is to.

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

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

If two firms doing the same thing in the same industry join together this is known as a.

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

Economic transition involves high inflation because ______ and _____

The single European Act committed_ governments to a ___ in 1992

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

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

A production technique is technically efficient if.

The total multiplier for the economy will reflect.

A current account deficit means that a country may.

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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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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An upward shift in marginal cost _________ output and an upward shift in _ marginal revenue output.

The quantity theory of money says that changes in lead to equivalent changes in but have no effect on.

M4 is a _ measures of money and includes deposits at both _____ and

Economic transition involves high inflation because __ and _