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

Monetarists believe that a reduction in _____ can be achieved by reducing.

Question # 2

Economic growth may depend upon __________ and_________

Question # 3

If demand is _______ then price cuts will ________ spending.

Question # 4

Market some times fall to exist because of.

Question # 5

Macro economics is the study of.

Question # 6

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

Question # 7

The participation rate in the labour force is affected by

Question # 8

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 9

A fall in investment demand can result from

Question # 10

The business cycle describes fluctuations in output around the.

Question # 11

LDC's often have a comparative advantage in the production of.

Question # 12

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Question # 13

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

Question # 14

Market failure may arise because of.

Question # 15

A monopoly may be self perpetuating because profits may be used for

Question # 16

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

Question # 17

International difference in opportunity costs lead to countries acquiring.

Question # 18

The costs of inflation are

Question # 19

When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.

Question # 20

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

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits
2 Micro economics is conceded with
A. The economy as a whole
B. The electronics industry
C. The study of individual economic behavior
D. the interactions within the entire economy
3 The primary function of a bank is to.
A. Control the money supply
B. Provide notes and coins for trade
C. Make a profit
D. Provide a chequeen clearing system.
4 For perfect competition ot work there must be
A. Many buyers and sellers
B. A standard product
C. Free entry and exit
D. All of the above
5 If desired spending in the economy exceeds income we would expect.
A. House hold to save more
B. Firm to produce less
C. Firms is produce more
D. the MPC to change
6 At the intersection of AD and AS equilibrium is achieved in.
A. The goods market
B. The money market
C. The labour market
D. All of the above
7 Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.
A. Imperfect labour markets
B. Rational expectations
C. Intertemporal decisions of households firms and government.
D. Sun spot cycles
8 The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
A. increase ; decrease
B. increase ; increase
C. reduce ; increase
D. reduce ; reduce
9 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.
10 Potential output can be increased by _________ or by_________
A. Increasing the use of labour, increasing the use of land
B. Increasing the use of capital, increasing the use of labour
C. Increasing the use of land, increasing the use of capital
D. Increasing the use of all inputs technical advances

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