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 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.
2	Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.	A. Depreciation B. Appreciation C. fall D. Devaluation
3	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
4	In the short run the level of floating exchange rates is determined mainly by.	A. Interest rates B. Competitiveness C. Trade D. Speculation
5	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
6	Comparing a monopoly and a competitive firm the monopolist will.	A. Produce less at a lower price B. Produce more at a lower price C. Produce less at a higher price D. Produce less at a lower price
7	The main cause of different relative costs between countries are.	A. Relative factors competition B. Relative factor mobility C. Relative factor substitution D. Relative factor endowments
8	At the intersection of AD and AS equilibrium is achieved in.	A. The goods market B. The money market C. The labour market D. All of the above
9	We cannot say whether one allocation of resources is better than another allocation because.	A. some people cant count B. Some people may not be permanent residents C. Not all economic activity is legal D. We cant make value judgements to compare different people welfare.
10	The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.	A. increase ; decrease B. increase ; increase C. reduce ; increase D. reduce ; reduce

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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

If a price increase of good A increases the quantity demanded of good B, then good B is a.

Short run equilibrium output means that aggregate demand _ actual output

Market some times fall to exist because of.

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

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

Aggregate demand without a foreign sector is the sum of.

A fall in investment demand can result from

A person who is made redundant because of the contraction of an industry is a victim of.

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.

Adding up the quantities demanded of a good by different people facing the same price gives us the.

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

The opportunity cost of a good is.

By restricting labour supply a trade union can _________ and_______

We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.

Output fell sharply in the transition economies because.

Real GNP measures income

In the economy when a steel producer sells steel to car producer it is regarded as.

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

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

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

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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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By restricting labour supply a trade union can ___ and_