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

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Question # 1

In Nash equilibrium each player chooses the best strategy.

Question # 2

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 # 3

A good example of a public good is.

Question # 4

In the short run the level of floating exchange rates is determined mainly by.

Question # 5

A current account deficit means that a country may.

Question # 6

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

Question # 7

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Question # 8

Output fell sharply in the transition economies because.

Question # 9

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

Question # 10

Real business cycle are cycles in

Question # 11

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

Question # 12

Economic growth may depend upon __________ and_________

Question # 13

The key issues of macroeconomics are

Question # 14

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Question # 15

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

Question # 16

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

Question # 17

If the MPC is 0.5 the multiplier is

Question # 18

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

Question # 19

A competitive equilibrium is Pareto efficient because.

Question # 20

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

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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 Class Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above
2 If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
A. Lender of last resort
B. Financial intermediation
C. Open market operations
D. Financial regulation.
3 If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by
A. 20%
B. 2%
C. 12%
D. 15%
4 With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.
A. Increased
B. Unaffected
C. Reduced
D. All of the above
5 The participation rate in the labour force is affected by
A. Higher real wages
B. Lower fixed costs of working
C. Lower non labor income
D. All of the above
6 Women and non whiles on average receive lower comes than white men because.
A. They tend to work in relatively unskilled jobs
B. Educational disadvantage
C. Firms are reluctant to invest in training
D. All of the above
7 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
8 We cannot say whether one allocation of resources is better than another allocation because.
A. some people cant count
B. Some people may not be permanent residents
C. Not all economic activity is legal
D. We cant make value judgements to compare different people welfare.
9 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
10 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits

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