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

Human capital can be described as.

Question # 2

In the classical model, potential output can not be increased by

Question # 3

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

Question # 4

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

Question # 5

At the intersection of AD and AS equilibrium is achieved in.

Question # 6

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 7

By restricting labour supply a trade union can _________ and_______

Question # 8

The costs of inflation are

Question # 9

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Question # 10

A competitive firm produces a level of output at which.

Question # 11

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

Question # 12

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

Question # 13

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Question # 14

A profit maximizing firm will hire labor until _______ equal the

Question # 15

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 16

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

Question # 17

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

Question # 18

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 19

Real business cycle are cycles in

Question # 20

In the short run the level of floating exchange rates is determined mainly by.

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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 equilibrium price clears the market it is the price at which.
A. Everything is sold
B. Buyers spend all their money
C. Excess demand is zero
D. c and d
2 The multiplier is calculated as.
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
3 Human capital can be described as.
A. The tools used by workers to entrances productivity
B. a persons inherited abilities.
C. The stock of expertise accumulated by a worker
D. Education
4 Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
A. Externality
B. Market imperfection
C. Deadweight burden
D. Free rider
5 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
6 For perfect competition ot work there must be
A. Many buyers and sellers
B. A standard product
C. Free entry and exit
D. All of the above
7 Extremality's arise because there is a divergence between ____ and _
A. Private costs, private benefits
B. Private costs, social costs of benefits
C. Social cost, social benefit
D. Insiders, outsiders
8 A firm that breaks even after all economic costs are paid is earning.
A. Economic profit
B. Accounting profit
C. Normal profit
D. Supernormal profit
9 The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.
A. Long run, short run
B. Flexible, imperfect markets
C.
Short term , long run
D. Ong run, imperfect market.
10 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports

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