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

00:00
Question # 1

Higher export demand _______ output and a higher MPZ______ output..

Question # 2

If desired spending in the economy exceeds income we would expect.

Question # 3

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 4

Real business cycle are cycles in

Question # 5

When the level of income _______ there will be atendency for the trade balance to improve as imports.

Question # 6

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

Question # 7

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

Question # 8

In the EMU a country's competitiveness can change because of.

Question # 9

A monopoly may be self perpetuating because profits may be used for

Question # 10

The key issues of macroeconomics are

Question # 11

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

Question # 12

Leakages from the circular flow are____ and _____

Question # 13

The total multiplier for the economy will reflect.

Question # 14

The costs of inflation are

Question # 15

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

Question # 16

Nominal GNP measures income

Question # 17

Macro economics is the study of.

Question # 18

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

Question # 19

A firm that breaks even after all economic costs are paid is earning.

Question # 20

If some body is prepared to work at the going wage rate but cannot find work than they are victims 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 The opportunity cost of a student is.
A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying.
D. What the student will earn after graduation.
2 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
3 The impossibility of negative gross investment provides a______ to fluctuations in.
A. Celling, stock building
B. Celling, capital prices
C. floor , output
D. floor , the capital output ratio
4 The allocation of resources is not efficient it
A. The marginal cost of production does not equal society marginal benefit
B. The distribution is inequitable
C. Economic growth is low
D. Unemployment is high
5 The value of an asset depends upon
A. Its scrap value
B. Its depreciation
C. The present value of the failure stream of income it can earn.
D. the cost of loans
6 The total multiplier for the economy will reflect.
A. MPC and MPT
B. MPT and MPZ
C. MPC and MPZ
D. MPC, MPT and MPZ
7 If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.
A. 30%
B. 10%
C. 70%
D. 40%
8 In Nash equilibrium each player chooses the best strategy.
A. Assuming other players move first.
B. Dominated by the other players
C. Given the strategies of other players
D. That is a credible threat
9 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
10 If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output

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