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

  • Total Questions20

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PPSC Economics Topic 11 Assess Your Basics

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Question # 1

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 2

The prisoners Dilemma Game demonstrates that.

Question # 3

In the UK under a _________ of the labour force belong to a trade union.

Question # 4

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 5

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Question # 6

Real GNP is a crude measure of national welfare because it excludes.

Question # 7

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

Question # 8

In the circular flow we would expect leakages to __________ injections.

Question # 9

The increase in total cost when one more units is produced is known as.

Question # 10

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

Question # 11

Top footballers land to earn more than lecturers because.

Question # 12

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

Question # 13

A dominant strategy is.

Question # 14

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 15

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

Question # 16

The short run Philips curve can shift in response to changes in

Question # 17

The most important source of wage differentiate are.

Question # 18

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 19

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

Question # 20

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

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Topic Test

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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 If two firms doing the same thing in the same industry join together this is known as a.
A. vertical merger
B. Horizontal merger
C. Conglomerate merger
D. Hostile takeover
2 Nominal GNP measures income
A. At the present time
B. Corrected for tax changes
C. Corrected for changes in interest rates
D. At current prices
3 Leakages from the circular flow are____ and _____
A. Investment savings, government expenditure
B. Saving , taxes net of subsidies, imports
C. Consumption, investment , government expenditure.
D. Consumption, taxes, impports
4 The prisoners Dilemma Game demonstrates that.
A. Players are better off to act independently
B. Monopoly is better than competition
C. People will always cheat
D. Players are better off if they con operate
5 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
6 All of the following are type of monetary policy except
A. A nominal money stock target
B. A balances budget
C. An inflation target
D. The pursuit of a target real interest rate
7 If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.
A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale
8 Economics is the study of
A. Production technology
B. Consumption decisions
C. How society decides what how and for whom to produce
D. The best way to run society
9 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost
10 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem

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