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

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 2

The value of an asset depends upon

Question # 3

In a free market

Question # 4

The single European Act committed_ governments to a ___ in 1992

Question # 5

Micro economics is conceded with

Question # 6

Output fell sharply in the transition economies because.

Question # 7

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 8

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

Question # 9

A competitive equilibrium is Pareto efficient because.

Question # 10

Land will be allocated between competing uses so that.

Question # 11

A competitive firm produces a level of output at which.

Question # 12

At the intersection of AD and AS equilibrium is achieved in.

Question # 13

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Question # 14

Normative economics form ______ based on.

Question # 15

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Question # 16

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

Question # 17

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

Question # 18

a demand curve can shift because of changing.

Question # 19

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Question # 20

All of the following are types of imperfect competition except

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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 If demand is _______ then price cuts will ________ spending.
A. Inelastic, increase
B. Elastic, increase
C. Elastic, decreases
D. None of the above
2 If a price increase of good A increases the quantity demanded of good B, then good B is a.
A. substitute good
B. Complementary good
C. Bargain
D. Interior good
3 Extremality's arise because there is a divergence between ____ and _
A. Private costs, private benefits
B. Private costs, social costs of benefits
C. Social cost, social benefit
D. Insiders, outsiders
4 Aggregate demand in an economy trading internationally with a government sector can be written s.
A. AD = C+1
B. AD = C + 1+ G
C. AD = C +1+G+X+Z
D. AD+C+1+G+X-Z
5 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
6 A supply curve is directly affected by
A. Technology
B. Input costs
C.
Government regulation
D. All of the above
7 An optimal tariff is one which reduces imports to the level at which ___ equals
A. imports , exports
B. The balance of trade, zero
C. The demand for currency, the supply of currency
D. Social marginal cost social marginal benefit
8 The equilibrium inflation rate is determine by the intersection of __________ and ___
A. demand, supply
B. IS , LM
C. AD, AS
D. Labour demand, labour supply
9 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.
10 Adding up the quantities demanded of a good by different people facing the same price gives us the.
A. Supply curve
B. Market demand curve
C. Demand curve
D. Market supply curve

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