PPSC Economics Topic 11 Assess Your Basics MCQS

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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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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	The real value can be derived from a nominal value by	A. Adjusting changes over time B. Adjusting for data collection errors C. Adjusting for population changes D. Adjusting for changes in prices
2	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
3	The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.	A. Reduce, reduce B. increase, increase C. Increase , reduce D. reduce, increase
4	In the economy when a steel producer sells steel to car producer it is regarded as.	A. A final good B. An intermediate good C. an injection D. a leakage
5	Firms are assumed to ____ costs and to _______ profit.	A. Incur , desire B. Pay ; make C. Change ;earn D. Minimize ; maximize
6	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
7	In an open economy leakages to imports ______ the value of the multiplier.	A. Reduce B. Increase C. do not change D. None of these
8	If a country has a burden of debt it cannot sustain it can.	A. Reschedule debt B. Get a loan from an international organization C. Default on the loan D. Any of the above
9	All of the following are benefits of the single market except.	A. It allows countries to exploit their comparative advantage, more fully B. Firms could more readily exploit economies of scale C. It intensified competition D. It is easier book holidays in member countries.
10	Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.	A. Current account B. Interest rate C. Tax D. Price

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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

The AD schedule indicates that______ inflation is associated with______ output.

If the MPC is 0.5 the multiplier is

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

M4 is a _________ measures of money and includes deposits at both _____________ and

We cannot say whether one allocation of resources is better than another allocation because.

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

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

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.

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

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

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

International specialization takes place because of.

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Economic transition involves high inflation because ______ and _____

The single European Act committed_ governments to a ___ in 1992

Market some times fall to exist because of.

All of the following represent obstacles to LDC development except.

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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Set 11

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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The AD schedule indicates that inflation is associated with output.

M4 is a _ measures of money and includes deposits at both _____ and

An upward shift in marginal cost _________ output and an upward shift in _ marginal revenue output.

The growth rate of economics tend to converge because._____ is easier when capital per worker is low and because of_

Economic transition involves high inflation because __ and _