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

The firms long run output decision will be where.

Question # 2

Comparing a monopoly and a competitive firm the monopolist will.

Question # 3

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

Question # 4

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

Question # 5

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

Question # 6

All of the following are type of monetary policy except

Question # 7

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

Question # 8

Economic transition involves high inflation because ______ and _____

Question # 9

Women and non whiles on average receive lower comes than white men because.

Question # 10

If the MPC is 0.5 the multiplier is

Question # 11

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

Question # 12

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 13

On a graph a positive linear relation ship.

Question # 14

Floating exchange rates are __ in the short run

Question # 15

Output fell sharply in the transition economies because.

Question # 16

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 17

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 18

Possible causes of involuntary unemployment are

Question # 19

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

Question # 20

Macro economics is the study of.

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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 A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
2 A monopoly may be self perpetuating because profits may be used for
A. research
B. Cost saving
C. Technical advance
D. All of the above
3 The extra utility from consuming one more unit of a good is called.
A. Marginal utility
B. Additional utility
C. surplus utility
D. Bonus utility
4 In the neoclassical theory of growth a higher saving rate leads to.
A. A higher growth rate
B. A fluctuating growth rate
C. A lower growth rate
D. No change in the growth rate
5 Skilled labour is relatively scarce because.
A. There are too few teachers
B. Too few student places in higher education
C. It is costly to acquire human capital
D. Teachers salaries are too low
6 The single European Act committed_ governments to a ___ in 1992
A. European union, single market
B. Western European, single currency area
C. European union, single currency area
D. Western European, single market
7 In the UK in recent years, union membership has ______ and days of work lost because of strikes has.
A. Grown, declined
B. declined, declined
C. declined, grown
D. grown , grown
8 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
9 A straight line diagram can be drawn knowing the _______ and _____
A. Vertical axis and horizontal axis
B. Intercept and slope
C. Scale and slope
D. Intercept and scale.
10 Fiscal policy is weak under floating exchange rates as fiscal expansion.
A. Crowds out imports
B. Crowds out public consumption
C. Crowds out exports
D. Reduces the budget deficit

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