PPSC Economics Topic 11 Assess Your Basics MCQS

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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	Real GNP is a crude measure of national welfare because it excludes.	A. Consumption B. Investment C. Export's D. work in the home
2	The business cycle is not transmitted from one country to another through.	A. Private sector imports and exports B. Economic policy C. The duration of compulsory education D. Labour supply changes
3	If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.	A. Inflation B. A supply shocks C. Crowding out D. Inflation illusion
4	If demand is _______ then price cuts will ________ spending.	A. Inelastic, increase B. Elastic, increase C. Elastic, decreases D. None of the above
5	Short run average total costs are equal to the sum of _______ and______	A. Short run opportunity costs, profit B. Short run average variable costs, profit C. short run average variable costs, profit. D. Short run average variable costs short run average fixed costs
6	The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.	A. Sun spect theory B. Multiplier accelerator model C. Solow theory D. New classical theory
7	Government may contribute to inflationary pressure on account of building up large.	A. Numbers of employees B. Welfare plans C. Budget deficits D. Expenditure.
8	Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.	A. Decreasing returns to scale B. The law of diminishing returns C. Constant returns to scale D. an inefficient production technique
9	If the government increase spending and raises taxes by just enough to finance the increase it will.	A. Leave output unchagned B. Increase output C. Reduce output D. Increase the MPC
10	In linear consumption function with a positive slope less that on means that if income increase, consumption will.	A. Fall B. Not change C. Fluctuate D. Increase

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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

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

The level of the equilibrium exchange rate offsets international difference in.

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

The participation rate in the labour force is affected by

Leakages from the circular flow are____ and _____

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

Economics assumes that people consume goods and services to achieve.

Macro economics is the study of.

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Government may contribute to inflationary pressure on account of building up large.

The multiplier accelerator model assumes _______ depends on.

The impossibility of negative gross investment provides a______ to fluctuations in.

The allocation of resources is not efficient it

In a competitive industry each buyer and seller.

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Firms are assumed to ____ costs and to _______ profit.

All of the following represent obstacles to LDC development except.

Potential output can be increased by _________ or by_________

The key issues of macroeconomics are

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

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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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Leakages from the circular flow are and _

Firms are assumed to costs and to ___ profit.

Potential output can be increased by _ or by_