PPSC Economics Topic 11 Assess Your Basics MCQS

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

Output fell sharply in the transition economies because.

Banks were undoable to function A
There was little corporate control B
Vital infrastructure was missing C
All of the above D

Question # 2

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Private good A
Merit good B
Public good C
Abundant good D

Question # 3

A competitive equilibrium is Pareto efficient because.

Producers are price takers A
Consumers and producer's face the same prices B
Marginal costs and benefits are equal C
All of the above D

Question # 4

By restricting labour supply a trade union can ___ and_

Increase the wage, increase employment A
Maintain the wage, increase employment B
Increase the wage lower employment C
Maintain the wage, lower employment D

Question # 5

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

There is a role of fiscal policy A
There is a role for monetary policy B
There is a role for supply side policies C
There is no case for stabilizing output over the business cycle. D

Question # 6

Bank create money by

Printing it A
Issuing debit cards B
Accepting chequeens C
Lending out part of their deposits D

Question # 7

Micro economics is conceded with

The economy as a whole A
The electronics industry B
The study of individual economic behavior C
the interactions within the entire economy D

Question # 8

All of the following are type of monetary policy except

A nominal money stock target A
A balances budget B
An inflation target C
The pursuit of a target real interest rate D

Question # 9

All of the following are benefits of the single market except.

It allows countries to exploit their comparative advantage, more fully A
Firms could more readily exploit economies of scale B
It intensified competition C
It is easier book holidays in member countries. D

Question # 10

A good example of a public good is.

Public transport A
National defense B
The national health service C
Rail transport D

Question # 11

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

Narrow, banks, building societies A
Wide, banks, insurance companies B
narrow, banks, insurance companies C
Wide, banks, building societies. D

Question # 12

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

Reduces the likelihood A
Increase the likelihood B
Guarantees C
None of the above D

Question # 13

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

Fall A
Increases B
Remain the same C
Fluctuate D

Question # 14

All of the following represent obstacles to LDC development except.

Resource scarcity A
Low level of investment B
Low population C
Poor infrastructure D

Question # 15

For perfect competition ot work there must be

Many buyers and sellers A
A standard product B
Free entry and exit C
All of the above D

Question # 16

Nominal GNP measures income

At the present time A
Corrected for tax changes B
Corrected for changes in interest rates C
At current prices D

Question # 17

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Increase A
reduce B
do nothing do C
all of these D

Question # 18

In a competitive industry each buyer and seller.

Is a price taker A
Produce different products B
Believes that can influence price C
Prevents the entry of competitors D

Question # 19

When we refer to the hidden economy we mean unrecorded income owing to.

Tax evasion A
Poor statistics B
The lags between statistical collection and publication . C
Smuggling D

Question # 20

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

Primary products A
Intermediate products B
Manufactured products C
Financial services. D

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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

Output fell sharply in the transition economies because.

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

A competitive equilibrium is Pareto efficient because.

By restricting labour supply a trade union can _________ and_______

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Bank create money by

Micro economics is conceded with

All of the following are type of monetary policy except

All of the following are benefits of the single market except.

A good example of a public good is.

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

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

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

All of the following represent obstacles to LDC development except.

For perfect competition ot work there must be

Nominal GNP measures income

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

In a competitive industry each buyer and seller.

When we refer to the hidden economy we mean unrecorded income owing to.

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

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PPSC Economics Chapter 11 Test

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By restricting labour supply a trade union can ___ and_

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